Deregulation: Oil Marketer Advises Nigerians To Brace For Market-Driven Petrol Prices

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Naijanews Today 12:36 p.m.

Deregulation: Oil Marketer Advises Nigerians To Brace For Market-Driven Petrol Prices

Petrol is anything between ₦1000 and ₦1060 per litre towards the coast, and maybe ₦1300 as you go further north.” “As long as the price of crude oil keeps changing, as long as the exchange rate keeps changing, prices of petrol too will keep changing.

“If we see a massive drop in the price of crude oil, the price of petrol will also drop.

If we see a drop or devaluation in the price of the exchange rate, there will also be a drop in the price of petrol.

“But in October, we saw the government now saying such would not be allowed anymore, directing marketers to source their products and fix prices..

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Tuesday, October 22

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