PPPRA: FG Begins Full Deregulation

By Lukman Amusa

The Federal Government   has commence the full deregulation of  Premium Motor Spirit  also known as petrol.

Speaking in Abuja  Abdulkadir Saidu, when responding to questions from journalists, said PMS price would be determined by the forces of demand and supply and the international cost of crude oil.

He, however, noted that the role of the agency would be to ensure that oil marketers do not profiteer, as every petrol dealer was, henceforth free to source for product and fix their price.

“This, however, must be in accordance with our code of conduct because as a regulator, it is our duty to protect the consumer and operators must abide by our codes,” Saidu stated.

Details later…