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Petrol Supply: NNPCL, Dangote Lock Horns As Price Reduction Hope Fades
The prevailing confusion in the petroleum sector worsened on Sunday, as the Nigerian National Petroleum Company Limited and Dangote Refinery engaged in a war of words on the pricing template.
This comes as Dangote Refinery on Sunday commenced petrol distribution.
NNPCL was the inaugural off-taker of Dangote Refinery’s Petrol.
Minister of Finance, Wale Edun who visited the refinery on Sunday said the facility would ensure energy security in Nigeria.
On the pricing, Edun said as Dangote Refinery and other refineries scale up production, it may impact pricing.
Recall that NNPCL had earlier confirmed that its trucks have started loading Dangote Petrol.
The company said 16.8 million liters of PMS had been loaded from Dangote at N898 per liter price. This was where the problem started.
Dangote Group, in a statement by its spokesperson, Anthony Chiejina, described NNPLC’s N898 per liter price statement as misleading and mischievous.
The company said NNPCL’s lifting of its petrol was part of the crude oil sale in Naira deal with the Nigerian government.
Dangote Refinery said Nigerians should “Await a formal announcement on the pricing, by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu GCFR, which will commence on October 1, 2024, bearing in mind that our current stock of crude was procured in dollars”.
However, Dangote was unclear on the exact price it sold petrol to NNPCL at this initial stage.
Reacting to Dangote’s statement on pricing, NNPCL spokesperson, Olufemi Soneye insisted that the company sold petrol to it at N898 per litre.
“We stand by our earlier statement that Dangote Refinery petrol is sold to us at N898 per liter.
“We have documents to back this point,” he told DAILY POST exclusively.
The development has left Nigerians more perplexed regarding the country’s energy security.
This is as Petroleum Marketers earlier expressed worries over the opaqueness regarding Dangote Refinery’s petrol pricing.
The President of the Petroleum Products Retail Outlets Owners Association, PETROAN, Billy Gillis-Harry said, “We cannot be dealing with business clandestinely. Let the industry know what is going on”.
Similarly, the president of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi said that the price of Dangote Refinery is unclear for now.
“We are sure that the product will be available. The price for now we are not sure what it will look like”.
Dangote Refinery’s Petrol price N28 more expensive than NNPCL’s fuel
A comparative analysis of Dangote Petrol indicated that it is more expensive than Nigerian National Petroleum Company Limited’s imported fuel, which stood at N870 per liter.
Earlier, petroleum marketers confirmed that the average price NNPCL sold petrol to them stood at N870 per liter depending on the location.
The President of the Independent Petroleum Marketers Association of Nigeria confirmed that the average price of petrol from NNPCL stood at N870 per liter.
“We already have petrol at N870 per liter price from NNPCL,” Gillis-Harry told DAILY POST.
Amid the confusion surrounding Dangote Refinery Petrol pricing, Channels Television’s Data Analyst, Babajide Ogunsanwo said the development would be a headache to Dangote Refinery, NNPCL, Nigerians and President Bola Ahmed Tinubu’s government.
“The evidence we have is that the price from Dangote Refinery is N898 per liter, the same product NNPCL imports at N840.
“So clearly, Aliko Dangote will have some headaches.
“The citizens will have some headaches because the price of petrol is not about to go down,” he said.
News
How Rivers Women Spread Wrappers For Wike’s Motorcade During Port Harcourt Visit
The Minister of the Federal Capital Territory, FCT, Nyesom Wike, on Saturday visited Port Harcourt City Local Government as part of his “thank you” visit across Rivers State.
Upon his arrival, a group of women displayed a symbolic gesture of loyalty by spreading their wrappers on the ground for his motorcade.
The women and supporters of the Minister were in a jubilant mode as Wike drove on the wrappers.
Wike has been going around local governments in the state to appreciate them for their support while reeling out moves ahead of the 2027 general elections.
In the course of his visits, the Minister had fired several salvos at political actors in the state, warning that their sudden support for President Bola Tinubu won’t secure them any ticket in 2027.
Wike also renewed rivalry with Governor Sim Fubara over the leadership control of the political space in the state.
News
Impeachment Proceedings Against Fubara, Deputy Still Active – Rivers Assembly
The Rivers State House of Assembly has officially reaffirmed that the impeachment proceedings against Governor Siminalayi Fubara and his deputy, Prof. Ngozi Odu, are ongoing and have not been suspended.
The Assembly said the process is still ongoing and is being conducted strictly in line with constitutional provisions.
This was contained in a statement issued on Friday by the Chairman of the House Committee on Information, Petitions and Complaints, Hon. Enemi George.
According to the statement, the impeachment process, which began on Thursday, January 8, 2026, remains on course in line with the 1999 Constitution of the Federal Republic of Nigeria (as amended).
The lawmakers disclosed that separate notices of allegations bordering on gross misconduct have been served on both the governor and his deputy in line with Section 188 of the Constitution.
“The notices of allegations of gross misconduct against the Governor and the Deputy Governor have been duly forwarded to them by the Speaker of the House, Rt. Hon. Martins Amaewhule, and the House is awaiting their responses,” the statement said.
The Assembly maintained that it is constitutionally obligated to act in the interest of the rule of law and ensure that no public office holder acts outside legal boundaries.
Reacting to reports suggesting that the impeachment move had been halted, the House accused some individuals and media outlets of deliberately spreading misinformation to mislead the public and stir tension between the legislature and Rivers residents.
The lawmakers described such reports as false and insisted they would not succumb to intimidation, threats, or blackmail.
“We are aware of renewed attempts by certain persons and media platforms to misinform the public by claiming that the impeachment process has been discontinued. The public should disregard such falsehoods, as the process remains active,” the statement added.
The Assembly reaffirmed its commitment to democratic principles and constitutional responsibilities, stressing that it would not be distracted by what it termed “cheap propaganda.”
It also appreciated the people of Rivers State for their support and prayers amid the ongoing political developments and extended goodwill to Nigerians committed to the nation’s democratic journey.
JomogNews reports that during Thursday’s plenary session, presided over by the Speaker, the Majority Leader, Major Jack, formally read the notice of allegations of gross misconduct against Governor Fubara on the floor of the House.
News
Your Second Coming Was A Chance To Avoid These Political Mistakes – Fayose To Fubara
Former Governor of Ekiti State, Ayodele Fayose, says the second coming to office of the Rivers State Governor, Siminalayi Fubara, after the elapsing of the state of emergency should have made him better.
Fayose’s remarks come as the Rivers State House of Assembly has initiated impeachment proceedings against Fubara as of January 8, 2026.
Speaking in an interview on ‘Politics Today’, a programme on Channels Television on Friday, Fayose said he was removed as governor and went to exile but became a better person upon his return.
Fayose said that President Bola Tinubu hates ingratitude just like any other person else does.
The former Ekiti governor also dismissed the claim that what is happening in Rivers state is politics taken too far.
According to him, the constitution provides rules of engagement for every politician, stressing that it is when one gets out of the rule that he begins to look for public sympathy.
“The coming back of Governor Fubara should have made him a better person .If you made a mistake the first time, the second time you are not supposed to go through that route.
“Politics is a power game. Nobody solves political game for you. With due respect, let me tell you. Fubara is the one enjoying the office of the governor of Rivers state. It’s not the FCT Minister, Nyesom Wike.
“Some people are saying it’s about Tinubu’s election. No! Because Tinubu’s election will come first, don’t forget that. Both Wike and Fubara will all work for Tinubu. Two weeks after, there will be an election for Rivers state,” he said.
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