Nigeria’s Customs Service has acknowledged that cross-border petrol smuggling remains rife, long after the government ended fuel subsidies, highlighting continued price disparities between Nigeria and its neighbours.
Speaking in Abuja on Tuesday, Comptroller-General of Customs Adewale Adeniyi said the illegal trade remains lucrative, as petrol continues to fetch significantly higher prices in neighbouring West African countries.
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He noted that while domestic pump prices have recently declined, hovering between ₦850 and ₦900 per litre, this remains far lower than what is obtainable across the borders, fuelling continued smuggling activities.
On April 15, the Nigerian Midstream and Downstream Petroleum Regulatory Authority confirmed that petrol in Nigeria is still considerably cheaper than in nearby nations, reinforcing the cross-border incentive.
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