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The federal government is determined to ensure petrol prices at filling stations reflect declining global crude oil pricesThe NMDPRA said deregulation is not a licence for market distortion and urged operators to pass cost reductions on to consumersA meeting on fair pricing was convened, and it included Dangote petroluem Refinery management, marketers and regulators
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The federal government has called on Dangote Petroleum Refinery, fuel marketers and other downstream operators to lower petrol prices, insisting that Nigerians should benefit whenever global crude oil prices decline.
The message was a key focus of a high-level meeting at the headquarters of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Abuja.
FG pushes marketers to reflect lower crude oil costs at filling stations. Photo: NMPDRASource: Twitter
Participants at the meeting included Dangote
