Nigeria Customs Service to Auction Seized Petrol at N630 per Litre

Abuja, Nigeria - The Comptroller-General of Customs has ordered the auction of seized petrol to be sold at N630 per litre.

According to reports, the seized petrol, totaling 1,046 kegs, was recovered from two lorries during Operation Whirlwind, a crackdown on smuggling activities.

The Nigeria Customs Service aims to discourage smuggling, encourage legitimate trade, and generate revenue through this auction.

*Details:*

- Auction Price: N630 per litre

- Seized Petrol: 1,046 kegs

- Operation Whirlwind: Targets smuggling and regulates petroleum market

This move is expected to stabilize the petroleum market and ensure the benefits of fuel price deregulation are fully realized by Nigerians.

*Source:* Nigeria Customs Service