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BREAKING: Federal Government Gives Marketers Go-Ahead To Determine Oil Price

PETROLPUMPiii

The Federal Government has said that the price of petrol will no longer be influenced by government actions but by the forces of demand and supply.

The news was announced on Tuesday by the Executive Secretary of Petroleum Products Pricing Regulatory Agency, Abdulkadir Saidu.

He, however, called for caution on the part of marketers, saying this new plan “must be in accordance with our code of conduct because as a regulator it is our duty to protect the consumer and operators must abide by our codes”.

It could be recalled few days ago that the Federal Government inflated the price of petrol from N143 to N161.

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