₦airaland Forum

Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price of diesel by N200 as importers reportedly receive new shipments.

The refinery cut the price from N1,800 per litre to N1,600 on Wednesday, according to Platts, an independent provider of information and benchmark prices for the commodities and energy markets.

Confirming the reduction, Joseph Obele, the national public relations officer of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), said the diesel price was reduced on May 26.

The development comes amid a legal dispute on import licences issued or renewed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to fuel marketers and NNPC.

Obele told TheCable that the latest price cut is widely seen as a positive impact of increased competition in the downstream petroleum sector.

“Dangote Refinery recently took legal action after NMDPRA granted five import licences to marketers for the importation of petroleum products,” the PRO said.

“Over the weekend, several of the vessels reportedly arrived, and the refinery reduced the price of AGO commonly known as diesel, by N200. The reduction is from N1,800 to N1,600.”

iamoyindamola:
Exactly we should be using saw dust and stove

MSGAMBLE9:
Mikel Arteta has been named the Premier League's Manager of the Year ✨

larride:
Na me know wetin I dey face. I currently spend over 60% of my salary on transport and feeding that to even save for rent, school fees and other responsibilities is like a pipe dren and everything keeps increasing every day.

I went to MRS to fill cooking gas on Saturday and cooking gas has moved from 1350 to 1600, I was just shaking my head and hissing. This same cooking gas was 1050 last month, an increment of 550 in less than a month, how do you plan towards that?

The only thing that has remained relatively cheaper this year is foodstuffs like rice, beans and the likes.

Theflint1:
All the way from Trump's America

GloriousGbola:
I see afrodoc below

I click am

See say na old profile with the following

https://www.nairaland.com/536440/cocksman-chronicles-d-story-reluctant



Why you wipe the story

Roland17:
E be like say him papa follow do sef

izzou:
That's a very good way to wipe out money easily.

See the one wey Umahi build for Abakaliki. Billions of naira in his Aza, with no questions

Fayemi too. I remember when Oasis was telling us how the Agro port will boost agriculture trade amongst states.

So, it is Ugu leaf that is 3 for #500 naira, that someone will go and waybill by air. Aviation fuel don cheap like that?

Roland17:
Bayelsa to PHC Airport is less than 2 hrs. This is another white elephant project intentioned solely to siphon money. Smaller states should be collaborating with neighboring states for Air travels. The need/ demand for a commercial airline in Bayelsa is nearly non-existent.

Infact, if they invested those funds in improving their waterways travel/ commute, they would have better overall long-term outcomes.

izzou:
To find a direct bus to Yenagoa is not even common. The fastest means is to enter a bus going to PH, and drop at Yenagoa junction.

Na the same people get airport and airline.

Bayelsa state owned Pioneer Airlines has commenced non-scheduled flight operations with one of the aircraft acquired by the Bayelsa State government, an ATR 72-600, and operated by the private airline.

The flight was flown by Captain M. Ibrahim and First Officer Joyce, a female co-pilot, in the cockpit.

The aircraft taxied off the tarmac of the Nnamdi Azikiwe International Airport, Abuja, at 11:00hrs and, following clearance from the control tower, was airborne at 11:10hrs en route the Bayelsa International Airport.

larride:
The Atiku faction did primary election, not consensus and as expected Atiku is beating Amaechi and Hayatudeen in all the results released so far.

larride:
I think trying to do all reforms at once is the Achilles heel of this administration. It just doesn't make sense that you keep pushing people more into poverty in the name of reform.

The annoying thing is even the slow pace they are going about it as if people's lives is not at stake.

izzou:
Exactly

Na why Uncle Jimi believe say there's something else apart from what they want us to believe

The other day on Arise, they asked Bwala about the situation on the APC primaries. He answered, and then began to mention how Obi was unserious to be a president.

The same ADC that cursed him for leaving, cannot even conduct a primary (transparent or not).

Na Obi still be the problem

Ibime:
Many Nigerians lack discipline in billing

For my grandmums funeral, I had gone round all her children and grandchildren abroad and gathered contributions which covered almost all expenses, tagged it as contribution from "her children and grandchildren" covering everyone so those less well-off are covered. . . . while other extended family members, friends and adopted children put their own contribution to the point contributions exceeded budget by a few million.

Because list of contributors is published in extended family WhatsApp group, one of my uncle I have already covered under our contribution went to put in N250k so his name can be published separately from "children and grandchildren", now just couple weeks later his family are billing me for feeding money. I had to be very abrupt with them and give them a piece of my mind.

daveP:
Cos of 1 controversial +1 they wan kon dey disrespectf our Igwe. Lol.


I pray we have such a player to do epl boot b2b2b again.

Salah denying Kane and Haaland the chance for treble like Igwe🤣🤣🤣🤣

Alan Shearer doing it at 2 clubs b2b.



Meanwhile see the biggest climbers and droppers. I hope we can steal one Forest player at least.

purplekayc:
Jr brf :-Xf

izzou:
I watched an interview yesterday where they asked Amaechi if he would be vice to Atiku.

He said the interviewer should never ask that kind of insulting question again

larride:
1. If I remembered correctly, I once posted here that Tinubu and Cardoso are intentionally keeping the exchange rate at that 1300 - 1400 range to enable them actually fund the budget. Personally I feel a stronger naira means cheaper dollars and that's why they celebrate it.

2. It's in terms of Naira equivalent, the dollar equivalent is most likely the same or even lesser. It's also why I don't parrot that nonsense anymore because when you factor in the increase in price of most goods and services due to the exchange rate, you will see it cancel out wherever increase in FAAC allocation that they get.

izzou:
I was listening to Jimi Disu some weeks back when Obi went to NDC.

Jimi said that even though he doesn't know whether Obi will fix Nigeria or not, he is now convinced that Nigerian politicians don't want him to contest. They keep dragging him, even though other contestants are there

They roasted him for dodging primaries in ADC even when it was untrue. Now, the same ADC cannot even organize its own primaries. Two factions with two different results, and Obi isn't even there.

The same APC insulting him about primaries have conducted their own; Inflated and false figures everywhere. So the purpose of the primary was never about transparency.

The man has left all of them, yet they won't let him rest.

Na here I see say Donald Duke and Makinde go pull votes. Nobody dey drag them for contesting. Nobody is dragging Amaechi and Jonathan. It's only one person that is the problem.

TemporaryHansel:
Me? You must be mistaking me for Raumdeuter.

izzou:
Ahn Ahn

Obi again?

ADC has moved on without him, and even at that, the party has 2 presidential candidates already

Dumebi Kachikwu
Atiku/Amaechi

You are not even bothered about that. It is someone who has nothing anymore with your party crises you're blaming

CrystalTiger:
Maybe it's my eyes but are the party delegates covering their faces? Sowore na very funny guy

Sowore’s party, the African Action Congress (AAC), begins its presidential primary election today in Abuja. pic.twitter.com/dBNj89pDlD

— CHUKS 🍥 (@ChuksEricE) May 26, 2026

mostob:
Wondering why Raya wore his gloves for the trophy lift?
He wanted to make another save! 😄

iamoyindamola:
Na dullard way fail gender test you they take serious

Saliba and Gabriel 🤣🤣🤣🤣🤣🤣🤣🤣❤️❤️❤️❤️❤️ pic.twitter.com/QrPVamnVFK

— Rano🈵 25/26 EPL CHAMPION (@RxnoAfc) May 25, 2026

Shegzdave:
I Dey enjoy your counter attack for those okonjo wailers😂

Roland17:
Cry today! Wail tomorrow!! E no go heal the pain in your heart!

larride:
I actually went back to the link you posted and I just realised the guy that made that statement was just looking for a banger headline. The facts don't align.

First, our debt profile is not a hidden document, it's open for anyone to see and scrutinize for themselves. Our total debt today is 159 trillion naira.

Secondly, Buhari handed over a total debt of 87 trillion naira to Tinubu. That's around $103 billion.

Thirdly, when Buhari was leaving office, he used Emefiele to pin the 25 trillion ways and means payment into public debt further increasing the domestic debt.

Fourth, Buhari left an external loan of $43.16 billion, as at today, our external loan is $51.86 billion which means this administration has borrowed $8.7billion which if you use today exchange rate is 11.9 trillion naira plus another 15.3 trillion on domestic debt which brings his total debt to 27.2 trillion naira

Fifth, the writer of that post was being deliberately mischievous using a base of 12 trillion debt which Jonathan left in office when Buhari already balloon the national debt to 87 trillion naira before he left.

Of course exchange rate is an important part of national debt, the debts that Jonathan and Buhari left that Tinubu is servicing now, he will still have to source the $$ in today's exchange rate.

To make it eve clearer for you, when Jonathan handed over to Buhari, the total national debt was $63 billion which in naira was 12 trillion naira that the mischievous man quoted. According to Okonjo Iweala, Jonathan only borrowed $21 billion out of this $63 billion debt.

When Buhari left office, the total national debt is $103 billion which is 87 trillion naira using the official exchange rate then. If you look at it critically, Buhari didn't borrow X2 of what Jonathan left but the naira equivalent is x7. Why is that? Because Buhari exchange rate at the end of his tenure is significantly higher than GEJ own.

If you keep going downward further, you'll notice the same pattern. 1 billion dollars under Obasanjo is not the same as 1 billion dollars under GEJ. Same way 1 billion dollars under Abacha is not the same as 1 billion dollars under Obasanjo

Time value of money, inflation and exchange rate all play a part.