How Smugglers Move Nigeria’s Petrol To Mali, Ghana, Others - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
July 4, 2019
The Nigerian National Petroleum Corporation, NNPChas said that smugglers of Premium Motor Spirit, popularly known as petrol,smuggle the commodity to as far as Burkina Faso, Mali and Cote d’Ivoire.
The NNPC also stated that the commodity was beingsmuggled to neighbouring Ghana, adding that this was largely due to the pricedisparity of PMS between Nigeria and the West African countries.
The corporation’s Chief Operating OfficerDownstream, Henry Ikem-Obih said this during a panel session at the ongoingNigeria Oil and Gas conference in Abuja.
He explained that while the pump price of PMS inNigeria was 145 naira per litre, the cost in many other West African marketswas between 350 to 430 naira per litre.
He noted that smugglers saw the incentive insmuggling the product from Nigeria to other locations in West Africa, butstressed that the oil firm was working hard to close up that incentive.