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Marketers Blame Depots As Petrol Nears N1,000 Per Litre

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Petrol prices have inched closer to the ₦1,000 mark across major Nigerian cities as supply tightens and loading disruptions persist, forcing petroleum marketers to consider importing fuel independently.

According to industry operators, production and supply issues at the Dangote Petroleum Refinery have intensified pressure on the downstream oil market, worsening scarcity and driving up pump prices nationwide.

The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, confirmed the situation, noting that members of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) are finalising plans to begin independent petrol importation to stabilise the market.

He expressed optimism that prices would soon drop once competition returns, saying, “Yes, petrol price is still going to come down because I also know that some marketers, especially DAPPMAN members, have applied and they are going to import petrol products… prices will come down once there is a struggle for the market.”

Checks by The PUNCH revealed that petrol prices rose from around ₦865 to between ₦920 and ₦955 per litre, with some stations in Abuja, Lagos and Sokoto selling as high as ₦1,000 depending on brand and location.

This spike comes despite earlier assurances from the Dangote Refinery that prices would drop to around ₦841 per litre under its new logistics-free distribution model announced in mid-September.

However, that promise has yet to materialise. Instead, prices have climbed steadily above ₦900 per litre in Lagos, Ogun, Abuja, and other cities.

In the Federal Capital Territory, NNPC outlets sold petrol for ₦955 per litre in Gwarinpa and Lugbe, while similar stations in Lagos offered it at ₦928. Across Edo, Rivers, Oyo, and Gombe, motorists paid between ₦900 and ₦1,000, with queues stretching across several filling stations.

IPMAN President Abubakar Shettima blamed depot owners for the fresh surge, saying they raised prices after the Dangote Refinery temporarily halted fuel loading. Depot prices reportedly jumped from an average of ₦830 to about ₦890, with some private depots selling above ₦900.

Data from Petroleumprice.com showed that depots such as Matrix, Fynefield, and Liquid Bulk sold petrol at ₦900, while Northwest and Pinnacle offered ₦895 and ₦885 respectively.

Following these adjustments, retail stations raised pump prices accordingly. NNPC outlets in Lagos and Ogun now sell petrol at ₦928 per litre — about ₦50 higher than previous rates.

NNPC spokesperson Andy Odeh explained that the corporation adjusted prices because depot charges had increased, saying, “The ex-depot prices have gone up… when the price goes up ex-depot, there will be an adjustment by the retailers.”

In Ogun and Lagos, Dangote’s distribution partner MRS sold petrol at ₦925 per litre on Tuesday. Meanwhile, industry sources confirmed that the Dangote Refinery recently suspended petrol sales to private marketers, leading to tighter supply.

Although no official explanation has been issued, insiders linked the disruption to internal maintenance and the recent mass layoff of engineers at the refinery.

Shettima maintained that the situation was temporary, saying, “These DAPPMAN people are the only ones selling now… if Dangote starts selling tomorrow, the price will come down.”

IPMAN’s Ukadike also attributed the hike to refinery reorganisation and the earlier NUPENG strike, which affected refining and loading operations. He noted that, “This is a reflective market whereby when suppliers increase prices, retailers have no choice but to increase them.”

He added that depot owners were exploiting the situation by inflating ex-depot prices, worsening the burden on consumers already facing record-high costs of transportation and food.

The Major Energies Marketers Association of Nigeria (MEMAN) also confirmed that the refinery had restricted gantry loading to its own trucks and MRS vehicles since last Thursday, a move that deepened shortages for independent outlets.

Jeremiah Olatide, CEO of PetroleumPrice.ng, said the refinery’s supply disruptions have distorted the downstream market, revealing that crude shortages and the layoff of about 800 staff had further strained operations.

He said, “The refinery is only loading their own trucks… depot marketers were not allowed to load products today. Private depots have stopped sales and want to raise prices again.”

In Sokoto, residents complained that petrol prices had jumped to between ₦960 and ₦1,050 per litre across both independent and major filling stations, with NNPC outlets reportedly shut for over a week.

A motorist in the state lamented, “I learnt a litre is now ₦992 from NNPC in Lagos. Only God knows how much it will sell in Sokoto… I had to borrow money from my wife just to buy fuel.”

With petrol nearing ₦1,000 per litre, economic analysts warn of fresh inflationary shocks that could worsen living costs nationwide, even as hopes for stable supply from the 650,000-barrel-per-day Dangote Refinery remain uncertain.

Efforts to reach the refinery’s spokesperson, Anthony Chiejina, were unsuccessful as calls and messages were not answered.

 

Credit: The Punch

BIG STORY

LAWMA to Commence Waste Evacuation, Advocacy Exercise in Mushin

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The Lagos Waste Management Authority (LAWMA) is set to commence a comprehensive waste evacuation and advocacy exercise on Tuesday, 11th August 2026, across identified areas in Idi-Oro and Odi-Olowo, Mushin.

The exercise, which will combine the evacuation of accumulated waste with advocacy engagements, is aimed at restoring environmental order and promoting sustainable sanitation practices among residents, traders, and other stakeholders in the affected communities.

Speaking on the initiative, the Managing Director and Chief Executive Officer of LAWMA, Dr. Muyiwa Gbadegesin, emphasised the Authority’s commitment to ensuring that every part of Lagos enjoys a clean and healthy environment. He noted that the exercise is part of a broader strategy to address environmental challenges in densely populated areas, where indiscriminate waste disposal has become a recurring issue. Dr. Gbadegesin urged residents to embrace responsible waste management practices and to patronise assigned PSP operators to sustain the gains of the exercise.

The areas to be covered include Folami Street, Makinde Street, Labinjo Street, Labinjo Lane, Labinjo Court, Odesanya Street, Adeyemi Street, Soremekun Street, Abeokuta Street, Kilani Street, Onifade Street, Matuwo Street, Bankole Street, Owokonira Street, Kobiti Street, Ojo Street, Alhaji Lasisi Street, Igbarere Street, Amodu Street, Aileru Street, and Olorunibe Street. The exercise will involve sanitation crews working alongside advocacy teams to engage residents and traders on the importance of proper waste disposal and environmental hygiene.

The Authority reaffirmed its commitment to building a cleaner, healthier, and more sustainable Lagos, calling on residents and other stakeholders to cooperate with the team during the exercise and support efforts to sustain the cleanliness of the areas after evacuation.

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BIG STORY

DSS Frees Carpenter Cleared of Oyo School Abduction Link, Pays N3m Compensation

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The Department of State Services has released a carpenter, Mustapha Marwana, who was arrested over the abduction and killing of pupils and teachers in Oriire, Oyo State.

The Director-General of the service, Tosin Ajayi, ordered his release after investigators cleared him of any link to the attack.

A security source who is privy to the case but wished to remain anonymous said a DSS panel carried out a thorough probe into Marwana’s alleged involvement in the incident before clearing him.

The panel was said to have found that the Katsina-born artisan was not a member of any terrorist organisation and had no operational ties to the Ansaru terrorist group blamed for the attack.

“Following the review, investigators found no evidence linking the carpenter to membership, financing, logistics or operational activities of the terrorist group.

“Consequently, the DSS DG ordered his immediate release and approved the payment of initial N3 million as compensation to assist him in meeting his immediate needs and restarting his livelihood.

“Mustapha was subsequently released to his lawyer, Oghene Forgive, who received him following his discharge from custody,” the source said.

The source said Marwana thanked the DG for what he described as a compassionate and humane intervention.

Forgive, who received Marwana upon his release, also thanked the DG for his generosity and dedication to establishing his client’s innocence.

The compensation, according to the source, is part of measures being adopted by the current DSS leadership to support persons cleared after investigations and to facilitate their reintegration into society.

It was gathered that the DG had, in 2016, handed a N20m compensation to a Sokoto-based businessman who was accidentally shot and injured during a pre-dawn raid in Jos due to mistaken identity.

The source also recalled the case of an Abuja-based businesswoman, Chineze Ozoadibe, whom the DG ordered released and paid N10m as compensation in October 2025 after reviewing her case.

“Since his appointment as DSS DG, Ajayi has been balancing national security responsibilities with respect for the rights and dignity of citizens, resulting in the payment of over N300m as compensation.

“There are many more instances where DSS investigations have established innocence and have been followed by efforts to facilitate reintegration. These are the kind of measures through which the Service is strengthening public confidence and building trust,” the source added.

Gunmen suspected to be Ansaru terrorists had, on May 15, invaded Community Grammar School, Baptist Nursery/Primary School and L.A. Primary School in Oriire, abducting 39 pupils and seven teachers.

Two of the victims were killed before the remaining captives regained their freedom on July 10 following a military operation.

Since then, security agencies have arraigned several suspects linked to the attack before the Federal High Court in Abuja, with three convicts already sentenced to life imprisonment after pleading guilty to terrorism-related charges, while others, including two Ansaru commanders, are standing trial.

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BIG STORY

Army, Security Forces Rescue 16 Kidnap Victims in Kogi, Hunter Killed [PHOTOS]

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Troops of the Nigerian Army, in collaboration with the Nigerian Navy, the Nigeria Police Force, local vigilantes and hunters, have rescued all 16 persons abducted by suspected kidnappers in Ofu Local Government Area of Kogi State.

The Army disclosed this in a statement signed by its Acting Director, Army Public Relations, Col. Appolonia Anele, on Monday.

According to the statement, the victims were abducted on Sunday, August 9, 2026, when armed criminals attacked commuters along the Ojuwo–Ajengo–Memarebo and Ojiwo–Itobe roads in the area.

The Army said troops of 21 Battalion and personnel of the Nigerian Navy Ship Lugard launched a joint search and rescue operation after receiving intelligence that the victims had been moved to the vicinity of Adumu Community in Dekina Local Government Area.

The operation also involved personnel of the police, vigilantes and local hunters.

“During the operation, the joint security team established contact with the fleeing kidnappers and engaged them in a fierce firefight.

“Overwhelmed by the superior firepower and coordinated assault of the security forces, the criminals abandoned all their captives and escaped into the surrounding forest with gunshot wounds,” the statement said.

The Army said all 16 victims were subsequently rescued, comprising six adult males, six adult females and four children.

It added that the rescued victims were undergoing documentation and medical assessment before being reunited with their families.

However, one local hunter who participated in the operation was killed during the encounter, while a police officer sustained injuries and was receiving medical treatment.

The Army commended the security personnel and local stakeholders involved in the operation, describing their efforts as a demonstration of the effectiveness of joint operations in tackling kidnapping and other violent crimes.

“The successful rescue of the 16 victims underscores the effectiveness of sustained joint operations and the synergy among the Nigerian Army, sister security agencies and local security stakeholders in combating kidnapping and other violent crimes,” the statement said.

The Army also urged residents to remain vigilant and continue providing security agencies with timely and credible information on suspicious activities.

It said public cooperation remained critical to ongoing efforts to protect lives and restore peace across the country.

 

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