Nigerians could see some relief at the pumps after petroleum marketers reduced depot prices of Premium Motor Spirit (PMS) by as much as ₦23 per litre, a move expected to ease retail fuel prices if sustained. The price adjustment comes amid increased competition among suppliers and improving product availability across the country.
Meanwhile, the National Agency for Food and Drug Administration and Control (NAFDAC) has sealed three factories in Ogun State for allegedly continuing to produce alcoholic drinks in sachets and PET bottles below 200ml, despite the Federal Government’s ban on such products.
The enforcement exercise targeted facilities in the Sango-Ota and Idi-Iroko areas after inspectors reportedly discovered prohibited packaging materials and production lines still manufacturing the banned products. NAFDAC said the operation is part of its nationwide crackdown on illegal sachet alcohol production and warned that enforcement would continue against companies violating the regulations.
The twin developments reflect mixed economic signals, with lower fuel costs offering some relief to consumers while regulators tighten enforcement against manufacturers flouting public health rules.
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