The Nigerian National Petroleum Corporation (NNPC) has explained that concerted efforts by the Corporation and some Federal agencies to combat the menace of smuggling of petroleum products have been largely hampered by existing arbitrage fueled by the prevailing huge price differentials in pump price of petrol in Nigeria and neighbouring countries. Platforms Africa reports that while the product sells for N165 per litre in Nigeria, it goes far higher that this in neigbouring countrues. In a presentation at an interactive session by the Joint Senate Committee on the 2022-2024 Medium…
Read MoreHow N165/ Liter Price, Differential elsewhere Fueled Petrol Smuggling- NNPC
