Smuggled Nigerian petrol floods W’African markets, sells N1,700/litre.

11th June 2024 The Federal Government, on Monday, raised the alarm over the renewed smuggling of Premium Motor Spirit, popularly called petrol, following the massive hike in the pump price of the commodity in neighbouring countries. It stated that while the average price of petrol in Nigeria was about N701/litre, the average cost of the product in neighboring countries was N1,787/litre, a development that heightened PMS smuggling out of Nigeria in the past two weeks. The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, who disclosed this at a pressRead MoreThe post Smuggled Nigerian petrol floods W’African markets, sells N1,700/litre. appeared first on DBS Warri.

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