Fuel price

What determines the price of the fuel pump – NMDPRA

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said petrol pump prices are determined by market forces and are not set by the regulator under the Petroleum Industry Act 2021. The authority made this known in a statement on Saturday while responding to concerns over the recent increase in retail prices of Premium Motor Spirit, popularly known as …

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