BREAKING: Dangote Refinery Announces New Petrol, Diesel Prices

LAGOS, NIGERIA – The Dangote Petroleum Refinery and Petrochemicals has announced fresh reductions in the prices of Premium Motor Spirit (PMS), commonly known as petrol, and Automotive Gas Oil (AGO), also known as diesel, in a move that is expected to reshape pricing dynamics across Nigeria’s downstream petroleum sector . Information made available to the Nigerian Tribune on Saturday by a source familiar with the development showed that the refinery has lowered the gantry price of petrol by N25 per litre, bringing it down from N1,275 to N1,250 per litre . A senior Dangote Group official, who spoke on condition of anonymity, confirmed the development and attributed the price adjustment to the recent decline in global crude oil prices. “We have reduced the petrol price to N1,250 at our gantry. This has to do with the current reduction in global oil prices, though everything is still volatile and requires caution,” the official said .

The reduction comes as depot prices were already responding to shifting supply dynamics. Market checks by Petroleumprice.ng showed that Aiteo and NIPCO were selling petrol at N1,272 per litre, while Integrated Energy, Ascon, and African Terminal were trading around N1,274 per litre, all below Dangote Refinery’s previous gantry price of N1,275 per litre . The latest price reduction comes about three weeks after reports emerged that Dangote Refinery had increased the ex-gantry price of petrol. At the time, a credible inside source disclosed that petrol continued to sell at N1,275 per litre at the refinery, hours after reports claimed that the company had raised its petrol price by N75 amid fluctuations in global crude oil prices .

The refinery has also reduced the price of Automotive Gas Oil (diesel) by N100 per litre, setting the ex-depot price at N1,700 per litre, down from the previous N1,800 per litre, according to a refinery communique sighted by petroleumprice.ng effective May 27, 2026 . However, this followed a brief reduction attempt on May 26 when the refinery had adjusted diesel prices by N200 to N1,600 per litre but retracted the announcement later the same day . Industry operators said the reversal was aimed at preventing losses among marketers and ensuring a fair adjustment across the supply chain.

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Confirming the diesel price development, the National Public Relations Officer of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) , Mr. Joseph Obele, said the reduction followed the arrival of imported petroleum cargoes into the country. “Dangote Refinery recently instituted legal action after the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) approved import licences for some marketers to bring petroleum products into the country,” Obele said . “Over the weekend, some of the vessels carrying imported products reportedly arrived, and shortly after, the refinery reduced the gantry price of diesel from N1,800 to N1,600 per litre” . He described the development as a direct result of market rivalry: “All hail competition and say no to monopoly in the petroleum industry. The more the competition, the better prices consumers will enjoy” .

The development comes amid an ongoing dispute over the issuance and renewal of import licences by the NMDPRA to marketers and the Nigerian National Petroleum Company Limited (NNPCL). Industry observers say the timing of the diesel price cut is significant, as the new selling price from Dangote Refinery competes directly with imported products . Industry analysts said the diesel price cut could ease transportation and logistics costs if sustained, especially for manufacturers and businesses heavily dependent on diesel-powered operations .

Falling crude oil prices have strengthened market expectations of lower refined product prices. Brent crude, the international oil benchmark, has declined amid reports that the United States and Iran were close to reaching a ceasefire agreement . The easing of tensions between the two countries immediately impacted the oil market, with traders reacting positively to expectations of improved crude supply and reduced geopolitical risks in the Middle East . Despite the reductions at the refinery gate, checks indicate that retail prices have remained largely unchanged in many parts of the country, with several filling stations still dispensing petrol at prices above N1,350 per litre . Industry observers say the gap between ex-depot and retail prices may persist for some time as marketers work through existing stock purchased at higher rates before implementing any fresh pricing changes . The latest cuts come as competition continues to grow within Nigeria’s downstream petroleum sector following the removal of fuel subsidies and the full deregulation of the market.

BREAKING: Dangote Refinery Announces New Petrol, Diesel Prices

FG Deepens CNG Expansion with 1,100-Vehicle Capacity Gas Station in Abuja

The Federal Government has intensified efforts to deepen the adoption of Compressed Natural Gas (CNG) in Nigeria with the commissioning of a high-capacity refuelling station in Abuja capable of serving more than 1,100 vehicles daily.

The newly inaugurated facility, developed by Rolling Energy Limited in partnership with the Midstream and Downstream Gas Infrastructure Fund (MDGIF), is located in Jahi, Abuja, and is expected to significantly boost access to cleaner and more affordable transportation energy.

The project forms part of the Federal Government’s broader strategy to expand Nigeria’s gas infrastructure, reduce reliance on petrol and diesel, and accelerate the transition to cleaner fuel alternatives under the Presidential Initiative on Compressed Natural Gas (Pi-CNG).

The High Capacity CNG Daughter Booster Station has a sales capacity of 1,000 Standard Cubic Metres (SCM) per hour, supported by two CNG tube skids with a combined storage capacity of 17,000 SCM.

The station also features a Mass Conversion Centre staffed by trained technicians and equipped with conversion kits capable of converting up to 20 vehicles and 25 tricycles daily, providing practical support for motorists and commercial operators seeking to switch to gas-powered transportation.

Speaking during the commissioning ceremony on Friday, the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, described the project as a major milestone in Nigeria’s drive to deepen gas utilisation and strengthen access to affordable energy solutions.

Ekpo said the facility would play a strategic role in supporting the nationwide rollout of CNG adoption, particularly as the government continues efforts to cushion the impact of rising fuel costs following the removal of petrol subsidy.

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He said, “Facilities such as this are essential for building the backbone infrastructure required to support widespread CNG penetration in Nigeria.”

The minister commended Rolling Energy Limited and MDGIF for delivering the project, describing it as one of four strategic gas infrastructure projects currently being commissioned across the country.

According to him, similar projects by Ibile Oil and Gas, Portland Energy and Femadec are also being commissioned in Lagos and Owerri, signalling increased private sector confidence in the Federal Government’s gas commercialisation agenda.

Ekpo said the projects align with the Federal Government’s Decade of Gas Initiative, launched to leverage Nigeria’s estimated 215 trillion cubic feet of proven gas reserves to drive industrialisation, transportation reform, economic diversification and long-term energy security.

The minister noted that expanding gas infrastructure remains central to President Bola Tinubu’s energy transition agenda, which aims to provide Nigerians with cleaner, cheaper and more sustainable alternatives to conventional fuels.

Stakeholders in the energy sector have welcomed the development, noting that improved CNG station availability is crucial to encouraging wider adoption among private motorists, commercial transport operators and industrial users.

Analysts also say the establishment of more conversion centres and refuelling stations will help address one of the biggest barriers to mass CNG adoption — inadequate infrastructure.

The Federal Government has reiterated its commitment to supporting private-sector-led investments to ensure that CNG refuelling stations become accessible across major cities and transport corridors nationwide.

FG Deepens CNG Expansion with 1,100-Vehicle Capacity Gas Station in Abuja

Airlines Tighten Power Bank Rules Worldwide After Surge in Flight Fire Incidents

Travellers relying on portable power banks for phones and gadgets are now facing stricter airline restrictions as aviation authorities move to curb growing safety concerns linked to lithium batteries. The new measures follow a rise in incidents involving overheating, smoke, and fires caused by power banks on aircraft, prompting global regulators to take action.

In March 2026, the International Civil Aviation Organization (ICAO) introduced tighter restrictions on lithium battery-powered power banks. Under the updated rules, passengers can carry only two power banks and are banned from charging them during flights. Travellers are also prohibited from checking power banks into aircraft holds and are instead advised to keep them in the cabin, where any potential issue can be seen and addressed by crew members.

Safety concerns intensified recently after an EasyJet flight bound for the United Kingdom was diverted to Rome when a passenger reported that a power bank was charging inside luggage stored in the aircraft hold. The flight from Hurghada in Egypt to London Luton was nearly three hours into its journey, cruising at 36,000 feet over the Adriatic Sea, when the captain decided to divert “in line with safety regulations.” There was no issue with the power bank itself, but regulations strictly prohibit power banks from being charged in the hold during a flight. The airline provided hotel accommodation and meals where available, and the flight was rescheduled for the following morning. The airline’s rules state that power banks are accepted on aircraft in cabin baggage only but are prohibited from use and must not be used to charge other devices.

Similar incidents have raised alarm globally. In November 2025, a lithium power bank burst into flames in a passenger’s pocket at Melbourne Airport, leaving the man with burns to his fingers and leg. In January 2025, authorities said a portable power bank was the likely cause of a fire that destroyed a passenger plane in South Korea, leaving three people with minor injuries. In March 2026, a plane departing from Tokyo to New York was evacuated after a portable battery charger caught fire while the plane was taxiing; two seats were burned and the flight was cancelled. In April 2026, an Air Canada flight experienced an overheating power bank that cabin crew placed into a thermal containment bag to prevent fire from spreading.

The Federal Aviation Administration (FAA) has linked 29 in-flight incidents involving smoke, fire, or extreme heat so far this year to power banks on flights connected to the United States. The agency recorded 97 such incidents in 2025, marking a 94 percent increase compared to the previous year. Lithium batteries, including power banks and portable chargers, can act as ignition sources and potentially start onboard fires. Lithium batteries stored in passenger overhead bins or in carry-on baggage may be obscured, difficult to access, or not readily monitored, which can delay detection of thermal runaway and firefighting measures in flight, increasing the risk to safety.

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Aviation safety experts explain that lithium batteries pose a danger on aircraft primarily because of their vulnerability to “thermal runaway” – a chain reaction where a damaged, overcharged, or overheated battery undergoes a rapid, uncontrolled rise in temperature, leading to fire, explosion, and the release of toxic fumes. If lithium batteries are damaged, overcharged, or exposed to extreme heat, they can go into thermal runaway, causing serious safety hazards. Traditional firefighting methods using Halon extinguishers can briefly suppress open flames, but they do not halt the thermal runaway process. The primary response involves using large amounts of water to cool the battery and suppress flames.

In Nigeria, the Nigeria Civil Aviation Authority (NCAA) issued directives in January 2026 warning airlines about the growing dangers associated with portable chargers. The regulator barred passengers from checking in power banks, prohibited onboard charging, and limited travellers to carrying only two devices. The NCAA also directed airlines to ensure power banks are not stored in overhead compartments and must remain in visible areas during flights, such as under the passenger’s seat, in seat-back pockets, or in any other location designated by the airline. The directive took effect on March 1, 2026.

Nigerian carriers, including Ibom Air and United Nigeria Airlines, have already begun enforcing the restrictions. Ibom Air announced full compliance with the NCAA safety directive, stating that passengers will no longer be allowed to place power banks in overhead bins or checked-in baggage. The airline explained that lithium-ion batteries, when overheated or damaged, can enter a state known as “thermal runaway,” causing them to ignite fires that are extremely difficult to control, particularly at cruising altitude where emergency response options are limited. Under the rules, power banks rated up to 100 watt-hours (Wh) are allowed without restriction, while those between 100 and 160Wh require prior airline approval. Devices exceeding 160Wh are strictly banned.

Airlines across Asia Pacific have been among the first to implement stricter rules. Singapore Airlines joined major global carriers including Emirates, Air Busan, and Cathay Pacific in imposing new travel safety protocols, limiting passengers to carrying no more than two power banks in carry-on luggage and prohibiting in-flight charging of devices using portable batteries. Hong Kong and Macao airports announced new restrictions citing safety risks linked to lithium battery-powered devices that have caught fire on board. Only flight crew members are excluded from the restrictions, as they may continue using power banks as required for aircraft operations.

Airlines in Japan, South Korea, and Taiwan have also tightened regulations, while China has banned uncertified power banks on domestic flights, with thousands of devices confiscated at Chinese airports. Thai Airways and AirAsia are among other carriers enforcing stricter power bank use aboard aircraft. American Airlines began requiring that flyers keep the devices visible when in use, along with limits on the number of devices they can bring and their watt-hour capacity.

The ICAO’s new specifications represent the most significant global alignment of power bank rules in recent years. The decision reflects emerging expertise around risks presented by passengers’ lithium batteries, with the organization stating the new measures will enhance safety and peace of mind for passengers and airlines alike. The addendum to the Technical Instructions for the Safe Transport of Dangerous Goods by Air has been provided to all ICAO member states for implementation.

Aviation regulators continue to urge passengers to charge devices fully before boarding, use airport lounge and terminal charging facilities, and familiarize themselves with airline-specific power bank policies before flying, as additional restrictions may vary between carriers. Passengers are advised to carry spare batteries, including power banks, in hand luggage instead of checked luggage, ensure devices are below 100Wh, check with the operator for devices between 100 and 160Wh, and avoid using power banks to charge devices onboard the aircraft. Airlines have warned that any operator or passenger found violating these safety regulations could face penalties, and that strict adherence to onboard safety regulations is critical for preventing serious incidents given that lithium battery fires can escalate rapidly.

Airlines Tighten Power Bank Rules Worldwide After Surge in Flight Fire Incidents