Oil Marketer Advises Nigerians To Brace For Market-Driven Petrol Prices …C0NTINUE READING HERE >>>
The Group Managing Director of Rainoil Ltd, Gabriel Ogbechie, has alerted Nigerians to prepare for market-based pricing of petroleum products following the federal government’s complete deregulation of the downstream sector.
Speaking on Channels Television’s Business Morning on Tuesday, Ogbechie commended President Bola Tinubu for his decision to eliminate the fuel subsidy, stating that this move promotes healthy competition within the industry.
His comments come amid the recent surge in the price of Premium Motor Spirit (PMS), which has skyrocketed from ₦175 per litre as of May…
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