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How to stop petroleum products smuggling across borders – NNPC

How to stop petroleum products smuggling across borders – NNPC

Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, has said the only way to stop smuggling of petroleum products from Nigeria is to sell at the same price with the neighbouring countries where the products are being smuggled to by oil marketers. He made the statement while addressing journalists in Abuja.

According to him, Nigeria has one of the lowest petroleum products prices per litre in West Africa, and as a result, oil marketers are being forced to smuggle products meant for local consumption to nearby countries in order to maximise profits.

“Nigeria sells between N167-N170 per litre while neighbouring countries sell at from N400 per litre and above. Look at the wide profit margin there,” he said.

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Source: SweetCrudeReports

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