The FG is set to commence partial deregulation of the downstream petroleum sector, allowing major and independent marketers to sell petrol, at prices convenient for them, Vanguradngr reports. The FG is also said to be looking at privatising all the refineries within the next one year.
According to sources, the FG will continue to regulate the price at which petrol is sold at NNPC’s retail outlets due to the ease of accessing forex. It is projected that at the current exchange rate and price of crude oil, the marketers could sell petrol between N120 and N130 per litre…. wch is still too cheap…. Cc: Vanguradngr
