NIGERIA MARKETERS URGE FULL DEREGULATION OF DOWNSTREAM OIL SECTOR

Depot And Petroleum Products Marketers Association Of Nigeria (Dappman) Has Urged The Federal Government Of Nigeria To Take A Further Step Towards Full Deregulation Of The Downstream Sector, Saying It Will Enhance National Economic Growth.

Dappman Chairman, Winifred Akpani, Said The Association Remained In Full Support Of The Implementation Of A Fully Deregulated Regime Which Would Make The Downstream Sector’s Operations More Seamless, Enhance Transparency, Competitiveness In The Sector.

Petroleum Products’ Pricing And Regulatory Agency (Pppra) Had Last Week Introduced A New Price Regime, Hiking The Depot’s Pump Price Of Petrol To N151.

Consequently, Independent Marketers Hiked The Pump Price Of Petrol In Downstream Sector From N148 To N162. And Consumers Who Are Nigerians Have Continued To React To This New Development.