Skip to content

Live On Air

🎧 Listen Live 🔴

  • Home
  • Classic TV
  • Shows
  • The Crew
  • News
  • Events
  • Competitions

Fuel Smuggling Persists Due to NNPC’s Low Prices

Business

Fuel Smuggling Persists Due to NNPC's Low Prices

Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri has said fuel smugglers especially to  neighbouring countries, would continue to have a field day as long as the Nigerian National Petroleum  company (NNPC) Limited, imports fuel and sells it below the landing cost. 

Speaking at the 2024 Energy and Labour summit in Abuja, where he also accused security agencies for  their complicity in aiding smuggling activities, the State Minister admitted that fuel smuggling from  Nigeria to neighboring countries was an issue that could not be entirely eradicated. 

Lokpobiri’s submission favours NNPC’s sale of imported fuel at a price above the landing cost, to reduce  the potential profit gap and discourage smuggling of the product to neighbouring countries, for high  profit by those involved in the shady business. 

More Posts

Delta State Wins 22nd National Sports Festival

Delta State Wins 22nd National Sports Festival

Read More »
France to Ban Smoking on Beaches, Parks, and near Schools

France to Ban Smoking on Beaches, Parks, and near Schools

Read More »
Reps summon WAEC over SSCE irregularities, late sittings

Reps summon WAEC over SSCE irregularities, late sittings

Read More »
ECOWAS at 50: President Tinubu Calls for Tangible Integration

ECOWAS at 50: President Tinubu Calls for Tangible Integration

Read More »
  • 2025 Copyright © Megalectrics Limited
  • Privacy Policy
  • Terms
Facebook-f Instagram Twitter Youtube
Facebook-f Instagram Twitter Youtube
  • Copyright © 2021 Megalectrics Limited
  • Listen Live

Live On Air

  • About Us
  • Shows
  • The Crew
  • News
  • Contact Us

Classic 94.3 FM

Abuja

  • Port-Harcourt
  • Lagos
  • Privacy Policy
  • Terms
  • 2025 Copyright © Megalectrics Limited
Facebook-f Instagram Twitter Youtube
  • Listen Live

Live On Air

  • Home
  • Classic TV
  • Shows
  • The Crew
  • News
  • About Us
  • Contact Us
Facebook-f Instagram Twitter Youtube
  • Privacy Policy
  • Terms
  • Copyright © 2022 Megalectrics Limited