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Latest Petrol Price Hike News, Update On Fuel Scarcity For November 25th, 2024
As Nigerians continue to groan over the recent increase in fuel prices by the Nigerian National Petroleum Company (NNPC) Limited, Naija News brings you the latest update on petrol scarcity, fuel price increase and Govt/citizens’ reactions.
Dangote Refinery Reduces Petrol Price For Marketers (See New Price)
The Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦970 per litre for oil marketers.
In a statement issued on Sunday, the company’s Chief Branding and Communications Officer, Anthony Chiejina, highlighted the reduction as a gesture of appreciation to Nigerians for their steadfast support in bringing the refinery’s vision to life.
This new price marks a ₦20 decrease from the refinery’s earlier ex-depot price of ₦990 per litre, introduced earlier this month.
“The adjustment is also our way of expressing gratitude to the government for their support, as it aligns with efforts to encourage domestic enterprise for the collective good of the nation,” the statement read.
The refinery reassured stakeholders of its commitment to maintaining the highest standards in its petroleum products, emphasizing their environmental sustainability.
Navy Nab Suspected Petrol Smugglers In Akwa Ibom
The Nigerian Navy has disclosed the arrest of a syndicate engaged in the smuggling of petroleum products and other illicit goods to Cameroon and various nations in the Gulf of Guinea region from Akwa Ibom State.
Captain Uche Aneke, the Commanding Officer of the Base, confirmed this development while transferring the suspects, noting that they were apprehended by the Forward Operating Base (FOB) of the Nigerian Navy in the coastal waters of Ibaka within the Mbo local government area of the state.
Among those apprehended were three individuals suspected of oil theft, who were found in possession of 2,000 litres of Premium Motor Spirit, commonly referred to as petrol, along with 1,000 cartons of beer intended for delivery to the neighbouring Republic of Cameroon.
According to Aneke, the Navy has presented the confiscated items and other valuable goods worth millions of naira to the Nigeria Security and Civil Defense Corps (NSCDC) representatives in Akwa Ibom Command.
Naija News understands that the arrests were made on Wednesday at approximately 7 pm during a routine night patrol along the Mbo River, which included a stop-and-search operation.