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Dangote Refinery slashes diesel prices, now cheaper than NNPC petrol

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Dangote remains a big influence in the pricing of petroluem products in Nigeria Dangote remains a big influence in the pricing of petroluem products in Nigeria

Dangote Petroleum Refinery has slashed the ex-depot price of Automotive Gas Oil (AGO), also known as diesel, to N910 per litre.

The new price is a N50 drop when compared to N960 per litre sold previously, and this is expected to spark price competition.

The new diesel price was confirmed in a notice issued by the Refinery’s Group Commercial Operations to customers.

The message reads:

“Please be informed that the gantry price for Automotive Gas Oil (AGO) has been revised from N960/Litre to N910/Litre effective October 15th, 2025.”

The company thanked customers for their continued support and reaffirmed its commitment to providing reliable and competitive energy solutions.

Impact of the new Dangote diesel price

Dangote’s lower price of N910 per litre is now setting a new benchmark in the market.

PetroleumPriceng reported that depots such as Pinnacle Oil (₦N946), AITEO (N960), NIPCO (N955), TTIME (N948), and Integrated Oil (N948) have also slightly reduced their prices.

The price cut is expected to bring relief across industries, from long-haul truckers to manufacturers and small and medium enterprises (SMEs), where diesel is a key input in their operations.

For the general public, the lower price, if sustained, could help ease inflationary pressures on goods and services.

Dangote diesel is cheaper than NNPC petrol

With its latest diesel price slash to N910 per litre, the refinery now sells diesel at a lower rate than the Nigerian National Petroleum Company Limited (NNPCL) petrol price.

On Monday, October 13, the NNPC increased its petrol price in Lagos and other states,Punch reports.

Analysis by Legit.ng on the new prices across the states showed that in Lagos, motorists now pay N922 per litre, up from N870, while in Abuja, the price has risen to N955 from N905.

A state-by-state breakdown shows that the highest price is in Kwara, where petrol now sells for N975 per litre, followed by Gombe and Sokoto at N965.

Also, other filling stations have increased their petrol prices to above N900.

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Sachet Alcohol Ban Suspended, Orders NAFDAC to Stop Enforcement Activities

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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.

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Naira Appreciate Against US Dollar in Continuum

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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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