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The FG has urged petroleum marketers to reduce petrol prices in line with the recent decline in global crude oil pricesMinister of State for Petroleum said the government cannot fix fuel prices because the downstream petroleum sector is fully deregulated He added that the NMDPRA will continue to monitor the market to prevent unfair pricing while insisting that deregulation has improved fuel supply
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The federal government has called on petroleum marketers to reduce the pump price of petrol in response to the recent decline in global crude oil prices, while maintaining that fuel pricing under Nigeria’s deregulated downstream petroleum sector is now driven by market forces rather than government intervention.
FG sends strong message to marketers, demand immediate petrol price reductionSource: UGC
The appeal was made on Monday, June 29, in Abuja by the Minister of State
