Nigeria customs offers petrol at N630/litre to Nigerians, offers locations

• The Nigeria Customs Service has announced plans to auction off seized petrol from Nigerians at specific locations
• The seized petrol will be sold at a much lower price compared to what is sold at NNPC retail stations
• Nigerians currently pay between N1,030 and N1,300 per liter of petrol depending on locations

The Nigeria Customs Service (NCS) has announced plans to sell seized petrol to Adamawa residents at N630 per litre.

Adewale Adeniyi, the Comptroller General of Customs (CGC), gave the order at a press conference in Yola, the Adamawa state capital.

Adeniyi, who was represented by Aliyu Alajogun, the Customs Subcontractor General (DCG), said the NCS achieved significant success in the fight against fuel smuggling with the seizure of two trucks, 1,046 barrels full of Premium Motor Spirit (PMS) and 12 drums of petroleum products.

Read also

‘We haven’t loaded a single truck’: Vendors ask NNPC for $15bn debt

He disclosed that the confiscated products will be made available to Nigerians at two petrol stations in Yola at N630 per litre.

He said:

“Our ongoing operations have recorded significant seizures in various locations including the North-West borders on the Sokoto-Kebbi axis, the South-West borders around the Seme-Badagry and Idiroko axis and the Southern borders in the states of Cross River and Akwa Ibom .”

“I am very happy to announce that in this latest phase of Operation Torbellino, we have seized two trucks carrying contraband petroleum products, 1,046 barrels full of PMS and 12 drums of petroleum products.

“In addition, one suspect has been arrested in connection with these smuggling activities.”

In In July 2024, Nigeria Customs also carried out a similar exercise in Sokoto State and petrol was sold to the public at N180 per litre.

Read also

Fuel hike: TUC calls for Tinubu’s immediate intervention, return to June 2023 petrol price

Vendors talk about the price of Dangote petrol

Legit.ng earlier reported that oil marketers in Nigeria would buy gasoline directly from Dangote’s refinery. However, they would face pricing challenges.

The reason was a price difference between the price of Dangote petrol and the imported PMS.

Although Dangote’s refinery can supply much of Nigeria’s domestic gasoline needs, the government strictly controls prices through the Nigerian National Petroleum Company Limited (NNPC), creating a significant hurdle for sellers.

Source: Legit.ng