Home Business FG hands off fixing of fuel price, declares full deregulation

FG hands off fixing of fuel price, declares full deregulation

by Kunle Awosiyan

Oil marketers in the country are now free to fix the price of petrol as the Federal Government hands-off the releasing of guiding price bands for the sale of the commodity

This was the submission of the Executive Secretary of the Petroleum Products Pricing Regulatory Agency, PPPRA, Abdulkadir Saidu, during a chat with newsmen.

Mr. Abdulkadir stated that going forward, petrol price would be determined by the forces of demand and supply and the international cost of crude oil but added that pricing must be done in accordance with PPPRA code of conduct in order to protect the consumer

There has been an uproar due to the latest increase in the price of petrol as announced by the government

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