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Fuel Smuggling Persists Due to NNPC’s Low Prices

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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. 

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