PMS Prices Determined By Free Market Forces, Says NNPCL …C0NTINUE READING HERE >>>
The Nigerian National Petroleum Company Limited (NNPCL) has exonerated itself and the Federal Government from the current fuel crisis in the country occasioned by new petrol pump prices, stating that foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS) or petrol, which are governed by unrestricted free market forces, as provided for in the Petroleum Industry Act (PIA), 2021.
The Executive Vice President of…
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