There are indications that the Federal Government’s moves to commence full deregulation of the downstream sector may begin soon following the desire of the Nigerian National Petroleum Corporation (NNPC) to encourage importers to resume products importation into the country.
The development was sequel to the seeming differences between the Pipeline and Products Marketing Company (PPMC) and marketers over fuel ex-depot prices in the country.
“All day PMS has sold ex-depot for circa N113/L, PPMC price was N97/L.
“Discussions are going on. Marketers want to hike prices ex-depot…
“PPMC has not decided or rather said what they will do. Some think they will move up circa N120/L for allocation.
“Some also are pushing for them not to increase by so much so that marketers will be encouraged to import since NNPC wants others to import and level up deregulation.
“So, there is bound to be some changes – how deep, we all have to wait.
“But a stronger feeling is that deregulation may have to start with this move,” a source told Daily Independent.
