Filling stations to shut down as NNPC, Dangote reduce petrol cost

• The Nigerian government, done the NMDRA whitethorn adjacent filling stations on entree roads to neighbouring countries to curb petroleum merchandise smuggling
• The Nigeria Customs Service is profiling these stations and volition manus implicit findings to the NMDRA for due action, including imaginable closure and licence revocation
• In related news, Dangote Refinery has reduced substance prices for its organisation partners, starring to little retail prices astatine filling stations crossed Nigeria

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

In an effort to curb the smuggling of petroleum products, determination are compelling signs that the national government, acting done the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDRA), whitethorn beryllium considering closing filling stations on entree roads to neighbouring nations.

Photo Credit: Contributor, NCS
Source: Getty Images

As you whitethorn remember, the national authorities closed much than 400 state stations located 20 kilometres from the country's borders successful 2019 owed to the aforesaid problem.

The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, who hinted astatine this implicit the weekend, revealed that the Service has commenced the profiling of petrol stations located connected entree roads to communities that stock borders with neighbouring countries to curb the smuggling of petroleum products.

Although Adeniyi suggested that the findings from the profiling of filling stations would beryllium handed implicit to the NMDRA for due sanctioning, helium added that anyone recovered to beryllium progressive successful aiding the activities of smugglers volition travel nether authorities scrutiny.

According to the caput of Nigeria Customs, stations that are recovered to beryllium non-compliant volition not lone beryllium closed, but their operating licences volition besides beryllium revoked.

Adewale Adeniyi, the Comptroller-General of Customs, made this announcement connected Friday astatine the Nigeria Customs Training School successful the Ikeja territory of Lagos portion displaying immoderate confiscated PMS items.

The Comptroller-General, who was represented astatine the juncture by Hussein Ejibunu, the National Coordinator of Operation Whirlwind, clarified that the extremity is to place substance stations progressive successful smuggling by distinguishing those that are progressive from those that are moribund.

“And that is the essence of wherefore we person to place filling stations that are adjacent to the border, those that are moribund, and those that are active, truthful that we volition cognize which stations the Midstream and Downstream Regulatory Authority volition assistance licences to,” Adeniyi said.

He emphasised that the NMDRA volition beryllium contacted for immoderate indispensable enactment if filling stations are recovered to beryllium non-compliant.

“I person conscionable mentioned that determination are many, and those recovered blameworthy volition beryllium dealt with by the NMDRA. It’s not for Customs to handle; we are not the ones who issued their licences,” the Comptroller-General stated.

Adeniyi provided details astir the seizure, pointing retired that 8 vehicles utilized for transportation, arsenic good arsenic 1,577 jerrycans of PMS (25 litres each), totalling 39,425 litres, were taken into custody.

“The work paid worth of the merchandise stands astatine N39.425 million, and that of the means of conveyance stands astatine N24 million, cumulatively amounting to N63.425 million,” helium said.

Earlier, the Nigeria Customs Service Comptroller General Adewale Adeniyi has authorised the contiguous auction of confiscated petrol astatine a discounted terms of N10,000 per 25-litre jerrycan. This means a litre of the petrol volition beryllium sold astatine N400/litre.

The merchandise was seized implicit the play by the agency’s task force, Operation Whirlwind, which confiscated petrol valued astatine implicit N63 cardinal successful the Lagos-Ogun axis, Daily Sun reported.

The National Coordinator of Operation Whirlwind, Assistant Comptroller General (ACG) Hussein Ejibunu, praised the seizure arsenic a important triumph successful the conflict against economical sabotage during a property briefing astatine the Customs Training College successful Ikeja, Lagos, implicit the weekend.

NNPC, Dangote refinery’s spouse filling stations trim petrol cost

Legit.ng reported that petrol terms battles betwixt depot owners, Dangote Petroleum Refinery, and the Nigerian National Petroleum Company Limited (NNPC) person led to price reductions at filling stations.

The Dangote Refinery lowered its substance prices for partners from an mean of N890–N920 per litre to N875–N905, depending connected location.

According to a connection shared via a pricing table, the caller retail prices use astatine the pumps of Dangote’s organisation partners crossed Nigeria, including MRS, Ardova Plc (AP), Heyden, Optima Energy, TechnoOil, and Hyde.

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Source: Legit.ng