FG engages marketers as global oil prices decline
The Federal Government says it is engaging petroleum marketers and regulators to ensure reductions in global crude oil prices are reflected in pump prices while maintaining a fair and competitive downstream market.
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Add us on Google The Federal Government says it is engaging petroleum marketers and industry regulators to address concerns over fuel pricing and ensure Nigerians benefit from falling global crude oil prices. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Monday while responding to questions from journalists after the Federal Executive Council (FEC) meeting in Abuja. Mr Oyedele said discussions were ongoing with operators in the downstream petroleum sector on how changes in international crude oil prices should be reflected in domestic pump prices.
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