Nigeria: Govt Set to Deregulate Oil Sector As Scarcity Persists

There are indications that the Federal Government will abandon its price modulation policy this week and embrace deregulation in order to allow private marketers resume importation and sell at profitable margins.

Already, the petroleum downstream sector seems to be going through another round of fuel supply challenges as queues are beginning to build up at filling stations while many marketers have resorted to rationing products.

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