NMDPRA, FCCPC should clamp down on anti-competitive fuel pricing in Nigeria – PETROAN

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN and the Independent Petroleum Marketers Association of Nigeria, IPMAN, person urged the Federal Government to clamp down connected anti-competitive petrol pricing to trim substance prices nationwide.

The National President of PETROAN, Billy Gillis-Harry, made this disclosure successful an interrogation with DAILY POST connected Tuesday.

Recall that successful the past 2 weeks, substance prices roseate to betwixt N1,310 and N1,345 per litre from N1,210 and N1,275 per litre, arsenic Brent crude deed $95 per tube connected Wednesday.

Reacting, Gillis-Harry said that, arsenic a solution to the substance terms hike, Nigeria’s regulators, including the Federal Competition and Consumer Protection Commission, FCCPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, indispensable enactment to clamp down connected anti-competitive petrol pricing.

“Well, the Federal Government’s solution is, astatine each times, adjacent though the assemblage is deregulated, determination should beryllium a accordant reappraisal of just marketplace pricing, competitory pricing, mar...