Business
Dangote Refinery silently increases fuel price across Nigerian filling stations
Dangote Refinery’s retail price of Premium Motor Spirit, PMS, known as petrol, has risen to N950 per litre at MRS filling stations in Abuja.
This increase comes despite the refinery’s 650,000-barrel-per-day capacity, the nationwide Compressed Natural Gas, CNG truck distribution scheme, and the Naira for Crude initiative between the oil firm and the Nigerian government.
As of Tuesday, 14th October 2025, MRS filling stations in Abuja, owned by Aliko Dangote’s half-brother, Sayyu Dantata, dispensed petrol at N851 per litre at outlets in Kubwa and along the Lugbe Expressway.
However, on Wednesday, DAILY POST correspondents gathered that fuel prices at MRS filling stations had surged by N100 to N950 per litre.
The same price increase applies to other Dangote Refinery retail partners such as Ardova and Optima.
A manager at MRS, who spoke to DAILY POST on condition of anonymity, said the refinery’s wholesale price to marketers had risen in the last two days due to supply shortages.
“We had no choice. The N950 per litre we currently dispense is only slightly above the amount Dangote Refinery now charges us. It is no longer N850 per litre. The price has also gone up in Lagos and other cities,” the source said.
Meanwhile, DAILY POST reports that Dangote Refinery has yet to comment on the nationwide petrol price hike.
Recall that Dangote Refinery had previously assured Nigerians that its fuel distribution scheme would reduce pump prices; however, the recent development shows the reverse, as consumers now pay more for petrol.
Experts in the oil sector told DAILY POST that the refinery had halted gantry petrol loading in recent days, prioritising its last-mile distribution scheme due to a production shortfall.
The development comes weeks after the federal government, through the Nigerian National Petroleum Company Limited, NNPCL, renewed its Naira for Crude deal with the refinery.
Barely two days ago, NNPCL and other major filling stations also raised petrol prices to N955 per litre, up from between N905 and N920 in Abuja and its environs.
This was reportedly due to supply disruptions from Dangote Refinery, which led depot owners, including Ranoil, Matrix, AA Rano, and AYM Shafa, to increase their ex-depot prices to between N885 and N897 per litre in Lagos and Warri as of Tuesday.
Consequently, Nigerians now buy petrol across retail outlets nationwide for between N950 and N990 per litre, depending on location.
Business
Sachet Alcohol Ban Suspended, Orders NAFDAC to Stop Enforcement Activities
The Federal Government has ordered the National Agency for Food and Drug Administration and Control, NAFDAC, to immediately halt all enforcement actions regarding the ban on sachet alcohol and 200ml PET bottle products.
The offices of the Secretary to the Government of the Federation, OSGF, and National Security Adviser, ONSA, in a joint intervention, cited grave concerns over economic stability and potential security threats as reasons for the directive.
The statement warned that continued enforcement, in the absence of a fully implemented National Alcohol Policy, could “destabilize communities, worsen unemployment, and trigger avoidable security challenges”.
According to the statement signed by Terrence Kuanum, Special Adviser on Public Affairs to the SGF, the government clarified that while the National Alcohol Policy has been signed by the Federal Ministry of Health under the direction of President Bola Tinubu, NAFDAC must refrain from sealing factories or warehouses until the policy is fully operationalized.
The statement emphasized that the current “de facto banning” of the products without a harmonized framework is creating significant disruptions.
“The continued sealing of warehouses and de facto banning of sachet alcohol products is already creating economic disruptions and poses a growing security threat, particularly given the impact on employment, supply chains, and informal distribution networks across the country,” the statement warned.
The statement further revealed that the decision was influenced by a correspondence from the House of Representatives Committee on Food and Drugs Administration and Control, dated November 13, 2025.
The letter, signed by Deputy Chairman Uchenna Harris Okonkwo, highlighted existing National Assembly resolutions that cautioned against the proposed ban.
Reaffirming a previous suspension issued in December 2025, the statement stated the need to review legislative, public health and economic factors before a final decision is reached.
“Accordingly, all actions, decisions, or enforcement measures relating to the ongoing ban on sachet alcohol are to be suspended pending the final consultations and implementation of the National Alcohol Policy and the issuance of a final directive,” the statement emphasized.
Breaking News
Naira Appreciate Against US Dollar in Continuum
The naira continued appreciation against the United States dollar at the official foreign exchange on Tuesday.
Central Bank of Nigeria data showed that the Naira further firmed up to N 1,351.02 against the dollar on Tuesday, up from N 1,354.26 traded the previous day.
This means that on a day-to-day basis the Naira gained N3.24 against the dollar.
Similarly, at the black market, the Naira appreciated by N5 to N1450 per dollar, up from N1455.
The development comes as the apex in a notice signed by its director of the trade and exchange department, directing banks to sell a maximum of $150,000 per week to licensed Bureau De Change operators.
DAILY POST reports that the country’s external reserves remained high at $47.03 billion as of 6th February 2026.
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