Fuel smugglers made N17m per trip under the Petrol Subsidy Regime – Mele Kyari

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said that Premium Motor Spirit, Petrol smugglers made a swooping N17 cardinal per travel during the petrol subsidy regime.

He disclosed this astatine the play portion speaking with Journalists connected the interaction of substance removal by President Bola Ahmed Tinubu.

According to him, the authorities ended substance arbitrage with the removal of subsidy successful June past year.

“In a 6,000-litre truck, you tin summation up to N17 cardinal from conscionable 1 truck. How are you going to halt idiosyncratic who with 2 trips tin conscionable easy marque N17 cardinal times two—which is the terms of the motortruck itself”, helium said.

Earlier, DAILY POST reported that Kyari said fuel subsidy removal brought terms parity into the lipid and state sector.

His comments travel arsenic NNPCL connected Wednesday again increased substance terms to N1030 per litre successful Abuja.