Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri has pointedly addressed the issue of fuel smuggling to neighbouring countries, saying that smugglers 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. Lokpobiri’s submission favours NNPC’s sale of imported fuel at a price above the landing cost to abridge the potential profit gap and disincentivize smuggling of the product to neighbouring countries for high profit making by those involved in the shady business.…
Read MoreFuel Smuggling Persists Due to NNPC’s Below-Cost Sales – Oil Minister
