FG to negotiate ₦1,350 petrol price ceiling as global oil shock drives pump prices

🇳🇬 Premium Times Nigeria (NG) —
FG to negotiate ₦1,350 petrol price ceiling as global oil shock drives pump prices

AI Summary

Nigeria's federal government is negotiating a ₦1,350-per-litre ceiling on petrol's ex-gantry or landing cost. The proposed cap is intended to limit pump-price volatility amid rising global crude oil and refined petroleum prices.

The Minister said the Federal Government is negotiating a ₦1,350 per litre ceiling on the ex-gantry or landing cost of petrol to limit price volatility amid rising global crude oil and refined petroleum product prices. The post FG to negotiate ₦1,350 petrol price ceiling as global oil shock drives pump prices appeared first on Premium Times Nigeria.

World Politics Markets Commodities Energy Shipping Nigeria petrol price ceiling fuel prices crude oil refined petroleum price volatility government negotiations

Read original source →