NNPCL can’t fix petrol prices anymore, market forces to now determine prices — Official

The NNPC Ltd. says foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit, PMS, occasioned by unrestricted free market forces. According to the national oil company, this is provided for in the Petroleum Industry Act (PIA 2021). Adedapo Segun, the Executive Vice President, Downstream, NNPC Ltd., […] The post NNPCL can’t fix petrol prices anymore, market forces to now determine prices — Official appeared first on Daily Nigerian.

  News   Sep 6, 2024   0   28  Add to Reading List
NNPCL can’t fix petrol prices anymore, market forces to now determine prices — Official


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The NNPC Ltd. says foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit, PMS, occasioned by unrestricted free market forces. According to the national oil company, this is provided for in the Petroleum Industry Act (PIA 2021). Adedapo Segun, the Executive Vice President, Downstream, NNPC Ltd., […]

The post NNPCL can’t fix petrol prices anymore, market forces to now determine prices — Official appeared first on Daily Nigerian.

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