*As FG plans emergency virtual meeting in week ahead OpeOluwani Akintayo Lagos — The Nigerian government and stakeholders in the…
Browsing: downstream deregulation
“Our estimate is that you need about $100 billion worth of investment to drive this sector. Those investments will go into gas projects, they will go into pipelines that have be replaced, they will go into new plants, they will go into the flare policy of the government, they will go into the development of LPGs and CNGs.”
The DAPPMA official stressed that full deregulation of the downstream sector remained the best option to address ongoing lingering fuel scarcity because marketers would source for foreign exchange to bring the product and sell at profitable price to avoid scarcity.
He noted that, “PPPRA will ensure effective monitoring of petroleum products’ distribution and compliance with pricing template and PPPRA will not allow long queues at filling stations because of speculations that pump prices may be raised.”
08 March 2015, Lagos – The latest crisis in petroleum products marketing in Nigeria has again raised the debate on the…
