Smuggling: Partial Border Closure Reduces Petrol Consumption

Petroleum Products Pricing Regulatory AGENCY (PPPRA) says it has recorded a sharp drop in the demand for petrol, since the partial closure of Nigeria’s border with Benin and Niger Republics.

The agency says the demand has since dropped by 11 per cent to a little over 50 million litres daily.

The agency’s spokesman, Kimchi Appolo, says the sharp drop in volume of petrol being demanded is due to the partial border closure, which has curbed smuggling of products across the borders.

He explains that daily demand for petrol as at last September 8, dropped from 61 million litres to 50.2 million litres.

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