Nigeria’s Premium Motor Spirit, also known as petrol, is reportedly being smuggled to neighboring countries as it is still 58 per cent cheaper than what is obtained in neighbouring countries.

As at press time, petrol in the Republic of Benin, costs Ceffa 600 per litre, an equivalent of $0.97 or N1649 per litre

In Ghana, the product sells for Ghc 14.35 per litre (Super xp), an equivalent of $0.90 or N1, 530 while it costs D77.89 per litre in The Gambia, an equivalent of $1.09 or N1, 853 per litre.

According to new reports, smugglers use waterways, borders, bottles, cans, and land borders to conduct large numbers of illegal business involving petroleum.

The Public Relations Officer, Nigeria Customs Service, Abdullahi Maiwada, speaking to Vanguard news. said petrol smuggling has continued, adding that more than 10 trucks were seized between June 2024 and the present through the efforts of Operation Whirlwind, “established to combat petroleum product smuggling and diversion in Nigeria