Nigeria: Marketers Vow to Comply As Govt Announces New Fuel Price

As the federal government on Monday announced a new pump price band for Premium Motor Spirit (petrol) from N125.50/N123.50 per litre to N121.50/N123.50, petroleum products marketers in the country have promised to comply with the latest downstream pricing regime.

Speaking with Daily Trust, the Executive Director of Major Oil Marketers Association of Nigeria (MOMAN), Mr. Clement Isong, said major marketers had already been told by the government that prevailing market fundamentals would be used to determine PMS price.

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