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Dangote Refinery Adjusts Petrol Prices, Absorbs 50% of Global Oil Price Increase

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Dangote Petroleum Refinery said the recent adjustment in its ex-depot price of Premium Motor Spirit (petrol) is directly related to the significant increase in global crude oil prices.

The ex-depot price of petrol has been adjusted from N899.50 to N950 per litre, marking a 5% increase. However, Dangote Refinery emphasised that this increase is notably lower than the 15% rise in global crude oil prices. Over a span of just a few days, Brent Crude prices have climbed from $70 to $82 per barrel, with additional premiums for Nigerian crude adding approximately $3 per barrel.

Dangote Petroleum Refinery, in a statement, also clarified that it has chosen to absorb part of the increased logistics costs, in a bid to maintain consistent pricing across Nigeria. The refinery also kept the Single-Point Mooring (SPM) ex-vessel price stable at N895 per litre, a move aimed at reducing the impact on consumers.

In an effort to keep prices manageable, Dangote Refinery stated that it has absorbed nearly 50% of the price hikes in international crude oil markets, ensuring that the retail price of PMS nationwide will remain at N970 per litre. Without this intervention, the company noted that the retail price could have surged to as high as N1,150 to N1,200 per litre in certain locations, a stark contrast to the current price.

The company also acknowledged its partners, including Ardova, Heyden, and MRS Holdings, would retail petrol at the same price of N970 per litre nationwide, aimed at preventing price disparities across different regions and ensuring uniform pricing across all 36 states and the Federal Capital Territory (FCT).

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“All our partners, including Ardova, Heyden, and MRS Holdings, will offer petrol to Nigerians at a retail price of N970 per litre nationwide. We have absorbed the increased logistics costs to guarantee uniform pricing across the 36 states of the federation and the Federal Capital Territory (FCT).
“Dangote Refinery has absorbed approximately 50% of the cost increases in the international oil market. This is due to our unwavering commitment to quality and affordability, as well as the ownership of the refinery by Nigerians, which remains central to our mission. If Dangote Refinery were to pass on the entire increase in the price of crude oil to the market, the retail price of PMS would be approximately N1,150 to N1,200 per litre in some locations, compared to the current price of N970 per litre,” it said.

The Refinery emphasised its ongoing commitment to providing Nigerians with affordable and high-quality fuel. The statement also stressed its dedication to transparency, with plans to publish its ex-depot price, ex-vessel price, and pump price on a weekly basis, ensuring that consumers are informed and protected from price exploitation.

“We are committed to providing reliable, top-quality petrol to the Nigerian people at competitive prices. In these challenging times, we continue to prioritise the best interests of Nigerians, striving to shield consumers from the full impact of global price volatility while adapting to evolving market conditions. We sincerely appreciate the continued trust and support of Nigerians as we strive to deliver the best value for their money and contribute to the development of a self-sufficient economy that is resilient to international price fluctuations,” it said.

It expressed appreciation for the support of President Bola Ahmed Tinubu’s administration and the introduction of the Naira for Crude Initiative. The initiative, which promotes local purchasing of crude oil with the naira currency, has been credited with providing Nigerians with consistent access to high-quality PMS while shielding them from the fluctuations of the international oil market.

“We would like to express our gratitude to President Bola Ahmed Tinubu for the introduction of the visionary Naira for Crude Initiative. This groundbreaking initiative has enabled consistent access to high-quality PMS for all Nigerians, while also insulating the Nigerian consumers from the volatility of the global oil market,” it added.

It reiterated its commitment to providing reliable, top-quality petrol to Nigerians at competitive prices. It added that it will continue to prioritise the best interests of Nigerians, striving to shield consumers from the full impact of global price volatility while adapting to evolving market conditions.

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Governor Dauda Lawal Defects to APC After Stakeholder Consultations

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The Zamfara State Government has announced that Governor Dauda Lawal has formally defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC), following what officials described as “extensive consultations with stakeholders, political leaders, elders, and supporters across the state.” This was contained in a statement signed by Nuhu Salihu Anka, Director General, Media and Communication, Office of the Governor.

According to the statement, Governor Lawal’s decision was driven by the overriding interest of stability, progress, and sustainable development in Zamfara State. “After careful consideration, His Excellency has decided to formally defect to the APC,” Anka said, noting that the move followed prolonged internal crises within the PDP at both national and state levels.

The government explained that unresolved leadership disagreements and structural challenges in the PDP had created uncertainty and distractions that threatened effective governance. “These challenges have continued to hinder the delivery of democratic dividends to the people of Zamfara State,” the statement emphasized.

Governor Lawal reiterated that his primary responsibility remains the peace, security, and development of Zamfara State. “It became necessary to align with a political platform that provides greater unity, stability, and stronger cooperation with the Federal Government,” Anka quoted the governor as saying.

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The statement further revealed that the final deliberation leading to the defection was held at the Government House in Gusau, under the coordination of the Deputy Governor, alongside senior government officials and key political stakeholders. “This was a collective decision reached after wide consultations,” Anka explained.

Governor Lawal expressed appreciation to PDP members and supporters for their cooperation over the years. However, he noted that the prevailing political realities and unresolved crises within the party made it necessary to take what he described as “a bold step in the interest of good governance and the future of Zamfara State.”

By joining the APC, the governor reaffirmed his commitment to strengthening unity, improving security, accelerating development, and ensuring that Zamfara State benefits fully from stronger collaboration with the Federal Government. “This is a new political phase aimed at promoting unity, stability, and development,” Anka stated.

The government therefore called on citizens, political leaders, party supporters, and stakeholders to remain calm and supportive. “We urge everyone to embrace this transition peacefully as Zamfara enters a new chapter of political cooperation and progress,”

 

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Petrol Price Surge to Deepen Cost-of-Living Crisis as Dangote Refinery Hikes Rates Again

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By Yusuf Danjuma Yunusa

The financial burden on Nigerian consumers is set to intensify following a sharp increase in petrol prices by the Dangote Petroleum Refinery, marking the third adjustment in less than a week.

Effective Monday, the refinery raised the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,175 per litre. This represents a significant jump of ₦180, or approximately 18.1%, from the ₦995 per litre price announced just last Friday. In a parallel move, the gantry price of Automotive Gas Oil (diesel) was also revised upward to ₦1,620 per litre.

Confirming the development to our correspondent, a senior official at the refinery, who spoke on condition of anonymity due to restrictions on public commentary, stated that the changes have been formally communicated to marketers and depot operators.

“Yes, the gantry prices have been adjusted. PMS is now ₦1,175 per litre while Automotive Gas Oil is ₦1,620 per litre,” the official said. “The market has been extremely volatile, and replacement costs have shifted significantly in recent days. These adjustments reflect prevailing market fundamentals and the cost environment we are currently operating in.”

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Data from the industry pricing platform, petroleumprice.ng, confirmed that the revised rates have been integrated into depot pricing systems nationwide, effectively resetting the benchmark for downstream marketers.

This latest surge—which has seen gantry prices climb from ₦774 to over ₦1,175 in a matter of days—is already translating to higher costs at the pump. Retail outlets in several states are now selling petrol for approximately ₦1,200 per litre, adding another layer of economic strain on households and businesses.

The increase is expected to trigger a fresh wave of price adjustments across the country. Higher fuel costs invariably lead to increased expenses for transportation, logistics, and production, costs that are typically passed on to consumers. This dynamic threatens to exacerbate Nigeria’s already high cost of living.

The price hikes underscore the challenges facing the Federal Government’s efforts to stabilize the downstream sector. Through the Nigerian National Petroleum Company (NNPC) Limited, the government has been working to secure crude oil supply for the Dangote refinery via third-party international traders in a bid to sustain local refining and, ultimately, moderate prices.

However, officials caution that these interventions may not yield immediate relief for consumers. As the 650,000-barrel-per-day Lekki-based refinery adjusts its prices in response to volatile market realities, Nigerians are left grappling with the immediate consequences of a deregulated market where pump prices are increasingly subject to global and local market forces.

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ADVERT:KANO STATE PRIMARY HEALTH CARE MANAGEMENT BOARD IMMUNIZATION PLUS AND MALARIA PROGRESS BY ACCELERATING COVERAGE AND TRANSFORMING SERVICES (IMPACT PROJECT)

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KANO STATE PRIMARY HEALTH CARE MANAGEMENT BOARD
IMMUNIZATION PLUS AND MALARIA PROGRESS BY ACCELERATING COVERAGE AND TRANSFORMING SERVICES (IMPACT PROJECT)

CREDIT NO. IDA-65390

Request for Bids – Goods

Procurement of 44 Nos. Ultrasound Scan Machines for 44 Secondary Facilities in Kano State.

NG-KANO MPA-536529-GO-RFB

Date of Issue: March 9, 2026

1. The Kano State Government through the Government of the Federal Republic of Nigeria has received a credit from the International Development Association toward the cost of the Immunization Plus and Malaria Progress by Accelerating Coverage and Transforming Services (IMPACT), Project and intends to apply part of the proceeds of this credit to payments under the Contract for the Procurement of 44 Nos. Ultrasound Scan Machines for 44 Secondary Facilities in Kano State.

2. The Kano State Immunization Plus and Malaria Progress by Accelerating Coverage and Transforming Services (IMPACT), Project now invites sealed bids from eligible and qualified bidders for the Procurement of the following:

Item No.
Description / Identification of Items
Qty
Bid Security
Delivery Period
Location(s)

 

Procurement of 44 Nos. Ultrasound Scan Machines for 44 Secondary Facilities in Kano State.

NG-KANO MPA-536529-GO-RFB
44
₦19,700,000.00
90 days
Immunization Plus and Malaria Progress by Accelerating Coverage and Transforming Services (IMPACT), Project, State PIU Office, Na’ibawa Zaria Road, Opposite Gidan Fiat, Kano State

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Bidding Procedures
3. Bidding will be conducted through National Competitive Bidding using Request for Bids (RfB) as specified in the World Bank’s “Procurement Regulations for IPF Borrowers” Procurement in Investment Projects Financing” November 2020 (“Procurement Regulations”) available on www.worldbank.org/procure and is open to all Bidders as defined in the Procurement Regulations. In addition, please refers to paragraphs 3.14 to 3.17 in the “Procurement Regulation” on the conflict of interest.

Invitation
4. Interested and eligible bidders may obtain further information from the State Project Manager, Kano State IMPACT Project, and inspect/obtain the bidding documents at the address below, between 9.00 am to 4.00 pm Mondays to Fridays, except on public holidays.

5. Qualifications requirements include:

The Bidder should demonstrate that it has successfully completed the supply/installation of a minimum of 30 (Thirty) Ultrasound Scan Machine within the last 5 (five) years.”
Audited financial statements for the last three (3) years, to demonstrate the financial capability of the Bidder in terms of Profitability and adequate working capital,
Registration with Professional organizations/Licenses to sell Medical Equipment in Nigeria.
Company Registration,
Certified Manufacturers Authorization,
Evidence of after-sales services in Nigeria

A margin of preference for eligible national contractors shall not apply; Additional details are provided in the Bidding Documents.

6. A complete set of Bidding Documents in English may be purchased by interested bidders on the submission of a written Application to the address below and upon payment of a non-refundable fee of ₦ 100,000.00 (One Hundred Thousand Naira only). The payment method will be a Bank Draft in favour of the Kano State IMPACT Project. The Bidding Documents will be collected by the representative of the Bidder or by courier services on request, which shall be at the bidder’s cost.

7. Bids must be delivered to the address below at 11:00 am local time on Wednesday, April 15, 2026. Electronic bid submissions will not be accepted; Late bids will be rejected. Bids will be opened in the presence of the bidders’ representatives, who choose to attend in person at the address below 11:00 am local time on Wednesday, April 15, 2026. All bids must be accompanied by a Bid Security of ₦19,700,000.00 in local currency or an equivalent amount in a freely convertible currency.

8. The address referred to above is:

The State Project Manager,
State Project Implementation Unit (SPIU),
Kano State Immunization Plus and Malaria Progress by Accelerating Coverage and Transforming Services (IMPACT), Project,
Address: Na’ibawa Zaria Road, Opposite Gidan Fiat, P.M.B 3295, Kano State.
Telephone: +234 803 530 7255 / +234 806 558 1226
Email address: piukanoimpactproject@gmail.com

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