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Part 1: The transition from subsidy to under-recovery and then liberalisation to deregulation of PMS locally referred to as Petrol and gasoline to others have had been rapid and all in a space of three months. Image
Nigeria has now entered into a market based demand -supply era all precipitated by the international oil price crash.
Part 2. The Petroleum Products Pricing Regulatory Agency (PPPRA), shall monitor market trends and advise the Nigerian National Petroleum Corporation (NNPC) and oil marketing companies on the monthly guiding market-based price.
#PMSsupply #Nigeria #deregulation #NNPCgroup
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