The recent incessant increase comes amid the ongoing crisis in the Middle East, particularly involving the United States, Israel and Iran.
The Edo government and NNPCL say they will collaborate to establish a 10,000-barrels-per-day condensate refinery in the state.
The magistrate adjourned the case until February 12, 2026, for hearing.
Mr Cardoso said that the MPC also retained the 75 per cent CRR on non-TSA public sector deposits.
Over 15,000 direct jobs are projected to be created across the logistics chain.
“(It’s) a remarkable departure from the challenges of the past. This consistency speaks volume on the strides made in stabilizing the downstream sector,” said Mr Lokpobiri
Mr Chiejina said that the reduction was designed to reduce transport costs during the festive period.
The coordinator of Operation Whirlwind said two vehicles of means of conveyance were intercepted along with the seizures.
She said that the increase had become frustrating to low-income earners.
Long queues have surfaced at filling stations across the Bauchi metropolis, signalling a scarcity of Premium Motor Spirit (PMS), otherwise called petrol.
