…Rain Oil leads cuts with N18/litre reduction

…Diesel prices crash by up to N70/litre

Depot prices of Premium Motor Spirit (PMS), commonly known as petrol, eased across several terminals in Lagos yesterday  as petroleum marketers adjusted prices amid shifting supply dynamics in Nigeria’s downstream oil market.

The latest market data showed a broad-based decline in Lagos, with most major depots reducing their ex-depot prices by between N1 and N18 per litre, while diesel prices recorded even steeper reductions in some locations.

The price movement comes as competition among petroleum product suppliers continues to influence market pricing, particularly with increased domestic refining capacity.

The Dangote Refinery remained relatively stable, with its Lagos PMS price inching up marginally from N1,175 per litre to N1,176 per litre, a difference of just N1.

However, several other terminals reduced prices. Rain Oil recorded the biggest cut among Lagos depots, lowering its petrol price by N18 from N1,180 to N1,162 per litre.

A.A Rano also reduced its price from N1,165 to N1,161 per litre, while AIPEC and Bono moved down from N1,165 to N1,160 per litre.

NIPCO cut its PMS price by N4 from N1,165 to N1,161 per litre, while AITEO adjusted slightly downward from N1,161 to N1,160 per litre.

Other terminals including Masters, Matrix, Sigmund and T.S.L also recorded declines, reinforcing the downward trend in the Lagos depot market.

Masters reduced petrol from N1,203 to N1,197 per litre, Matrix moved from N1,205 to N1,197 per litre, while Sigmund and T.S.L adjusted their prices from N1,200 to N1,195 per litre.

Despite the general decline in Lagos, some terminals in other regions recorded increases, reflecting regional supply and logistics differences. In Port Harcourt, Africanterminal raised its PMS price from N1,495 to N1,505 per litre, while Duport increased from N1,490 to N1,505 per litre.

Gulftreasure and T.Time were quoted at N1,505 per litre, while Dangote’s Port Harcourt terminal recorded a slight reduction from N1,501 to N1,500 per litre.

The diesel market recorded a more significant shift, particularly in Port Harcourt, where prices fell sharply at some depots.  Matrix reduced automotive gas oil (AGO) from N1,630 to N1,560 per litre, representing a N70 drop, while Sigmund cut its diesel price by N68 from N1,628 to N1,560 per litre.

In Lagos, AGO prices also softened at some terminals, with Matrix reducing diesel from N1,630 to N1,560 per litre, while Sigmund moved from N1,628 to N1,560 per litre.

Meanwhile, Calabar recorded a slight upward movement in petrol prices. Mainland depot increased PMS from N1,187 to N1,190 per litre, while Northwest moved from N1,190 to N1,195 per litre.

The Chief Executive officer, Petroleumprice.com, Olatide Jeremiah, said the latest adjustments highlight the increasingly competitive nature of Nigeria’s petroleum products market, where local refining output, depot inventories and transportation costs continue to determine price movements.

He said: “With more domestic supply entering the market, especially from major refining facilities, marketers are expected to continue reviewing depot prices in response to changing supply conditions.

“The immediate impact on consumers will depend on how quickly the reductions at depot level translate into retail pump prices, as marketers factor in haulage expenses, operating costs and profit margins.” (Vanguard)

The Oyo State Government, on Monday, issued a seven day notice to relatives and next of kin of unclaimed corpses deposited in various public hospital mortuaries across the state to come forward for identification and claim, after which the bodies will be given a mass burial.

This was contained in a statement signed by the state Commissioner for Health, Oluwaserimi Ajetunmobi, in Ibadan, the state capital.

She said, “The government noted a significant increase in the number of unclaimed corpses currently deposited in mortuaries within public health facilities across the state.

“The corpses were brought to the facilities by the Nigeria Police Force, the Federal Road Safety Corps, the Nigerian Correctional Service, and other relevant agencies. Over time, the bodies have remained unclaimed, resulting in severe congestion in the affected mortuaries, many of which have now reached their storage capacities.

“In view of this development and the need to ensure the continued efficient operation of health facilities, members of the public, particularly individuals with missing relatives, are urged to visit the relevant public hospital mortuaries for the purpose of identification and possible claim of the corpses.

“Arrangements are being finalised for the conduct of a mass burial of all unclaimed corpses in the affected facilities, which will take place seven days from the date of this publication.”

Ajetunmobi further explained that the seven-day notice is intended to provide an opportunity for relatives and other concerned persons to come forward for identification before the burial exercise is carried out.

She, therefore, reiterated that the state government remained committed to maintaining acceptable public health standards and ensuring the effective management of healthcare facilities across the state.

The Federal High Court in Abuja, on Monday, ordered the immediate remand of human rights activist and African Action Congress (AAC) presidential candidate, Omoyele Sowore, at the Kuje Correctional Centre.

Sowore will remain in custody until Wednesday, June 24, 2026, when legal proceedings are scheduled to resume.

The detention stems from a two-count cybercrime charge filed by the Department of State Services (DSS), which accuses Sowore of cyberstalking and criminal defamation after he labeled President Bola Tinubu a “criminal” in an August 2025 social media post.

In August 2025, Sowore posts on X and Facebook, calling President Tinubu a “criminal” over statements made during a trip to Brazil.

He refuses DSS demands to delete the posts, citing free speech.

In May 2026, Justice Mohammed Umar rejects Sowore’s application to drop the charges. The judge rules that the DSS established a prima facie case, legally requiring Sowore to open his defense.

Earlier on June 5, following a judicial directive for daily trial hearings, Sowore’s legal team withdraws from the case.

Citing the “humiliation” his lawyers faced, Sowore opts to represent himself and files a motion accusing the judge of bias.

Meanwhile, on June 16, 2026, after Sowore fails to appear for a scheduled defense continuation, the prosecution labels it a “delay tactic”.

Justice Umar revokes his self-recognition bail and issued a bench warrant for his arrest.

However, on June 22, 2026 (today), Justice Umar officially dismisses Sowore’s motion seeking his disqualification over alleged bias.
Following the arrest order, the court orders Sowore to be remanded at Kuje Correctional Centre.

The federal government’s case rests on provisions within Section 24 of the amended Cybercrimes Act, 2024.

The prosecution argues that Sowore’s online rhetoric was knowingly false and intentionally deployed to incite public disorder. Sowore maintains a plea of “not guilty”.

While the prosecution argued that Sowore’s recent absence from court was a deliberate obstruction, Sowore publicly countered that he had arrived at court for the previous scheduled sitting on June 15, only for the judge to be absent without notice.

Sowore had filed a formal letter informing the registry of his subsequent travel, which the court ultimately bypassed when issuing the arrest warrant the following day.

Proceedings are set to pick back up in mid-week as Sowore remains in custody.

Sowore reacts

Sowore tweeted on X after the judgement, saying, “Justice Mohammed Umar refused to recuse himself from presiding over my case and then ruled that I be remanded in custody, I addressed our Comrades on the solid need to remain resolute in pursuit of justice. There is no going back.”

In an accompanying video with the tweet, Sowore addressed journalists, saying that the prosecution had urged the court to ensure he remained in detention until Wednesday.

According to Sowore, the decision did not come as a surprise, as he had anticipated the outcome and was prepared for it. He maintained that his ordeal was part of a broader struggle to secure the country’s liberation.

“The court was told by the prosecutors that they must insist on sending me to jail until Wednesday. But guess what? I brought my prison bag. And I told the judge that said he cannot recuse himself that when they are ready, I am ready.

“I have predicted before now that all these things are going to happen. But they are happening for a good reason. And the reason is that somebody must make the sacrifice that will liberate this country,” he said.

The activist also reflected on his years of advocacy, describing himself as someone who has consistently challenged injustice and abuse of power. He argued that his commitment to social justice has remained unwavering and insisted that the struggle for change would ultimately prevail.

“I feel privileged that I am the one who has stood the test of time against the impunity of our leaders. Some of them pretended that they were democrats in 1993. In 2026, we discovered that they are monsters, and I am referring to Tinubu.

“And I am insisting once again, because I was brought here by Buhari in 2019, I said then and I repeat again that nobody can defeat the revolution. And shame, sorrow, tears will visit the families of the people who do injustice to people who fight for social justice,” Sowore stated. (Punch)