The Nigeria National Petroleum Corporation (NNPC) Ltd has brokered an interim agreement between oil marketers and Airline operators to start a transparent basis pricing in three-day time, a statement by the organization has shown.
This development, according to the statement, is coming on the back of a bid towards resolving the current aviation fuel price hike in the country.
According to Kyari, this means that they need to have a reference benchmark that is quoted transparently in the market and have a referenced exchange rate for naira so that anyone can compute.
Kyari expressed belief that this will help bring to close the discrepancies experienced in the market.
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