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![Nigeria Police captures bandits [Daily Trust]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Nigeria Police captures bandits [Daily Trust]")
As seen in a video circulating on social media, this marks a significant jump from the previous price of ₦568 per litre.
This development comes just a day after the NNPCL disclosed that it had accumulated a staggering $6 billion in debt, adding further pressure to the already strained fuel market.
In a related event, Aliko Dangote, CEO of Dangote Group, unveiled a sample of petrol produced at the newly operational Dangote Refinery.
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Speaking on the impact of his refinery’s production on fuel pricing, Dangote noted that the Federal Executive Council, under President Bola Ahmed Tinubu, is finalising a new petrol pricing structure.
Dangote assured Nigerians of the high quality of the petrol produced at his refinery, stating, “The quality here will match that of anywhere in the world; US, America, we will make sure that nobody will beat us in terms of quality.”
As the nation grapples with the sudden price hike, many wonder how the new petrol production will affect the volatile fuel market in Nigeria.
![Deputy Speaker, Benjamin Kalu. [Facebook]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Deputy Speaker, Benjamin Kalu. [Facebook]")