Nigeria: Major Oil Marketers Lose N10 Billion to Petrol Price Reduction - MOMAN

5 June 2020

Major Oil Marketers Association of Nigeria (MOMAN), yesterday, said that marketers lost over N10 billion to the recent reduction of the pump price of Premium Motoring Spirit (PMS) also called petrol, to N121 from N145 per litre by the Federal Government.

Meanwhile, the association has called for the full deregulation of the petroleum downstream sector, stressing that the federal government only removed subsidy on petrol, and has not deregulated the sector.

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