Since the Federal Government announced in April the end of fuel subsidy, stakeholders have been looking for policy statement that will provide legal backing to the pronouncement. However, the Petroleum Products Price Regulatory Agency (PPPRA) announced that private oil marketers have been granted license to join the Nigerian National Petroleum Corporation (NNPC) in importing premium motor spirit (PMS) otherwise called petrol into the country. OLATUNDE DODONDAWA writes on the need for the full deregulation of the downstream sector.
Since 2017, the NNPC has been the sole importer of petrol into the country. With the announcement made by the Group Managing Director (GMD) of NNPC,…
Source: Nigerian Tribune
