FCCPC Moves to Force Down Fuel Prices as Global Crude Oil Rates Decline
- The Federal Competition and Consumer Protection Commission is monitoring falling global crude prices to ensure Nigerian consumers see lower petrol prices.
- Tunji Bello said the FCCPC will work with regulators to track wholesale and retail fuel prices.
- Brent crude fell from $115 per barrel in September to below $90, but petrol still costs up to N1,420 per litre in Abuja and N1,370 in Lagos.
- Bello said the FCCPC will address unfair or anti-competitive practices and expects savings to reach consumers.
25 Articles
25 Articles
Crude Oil Price Drop: FCCPC monitors petrol prices
The Federal Competition and Consumer Protection Commission (FCCPC) says it is monitoring the decline in international crude oil prices to ensure that the reduction is reflected in petrol prices at filling stations across Nigeria. The Executive Vice Chairman and Chief Executive Officer of the commission, Tunji Bello, gave the assurance on Tuesday following public enquiries […]
Petrol Prices Should Drop With Crude Costs
The Federal Competition and Consumer Protection Commission (FCCPC) says it is monitoring petrol prices to ensure Nigerian consumers benefit from the recent decline in… The post Petrol Prices Should Drop With Crude Costs – FCCPC appeared first on Latest Breaking News - News Central TV.
Petrol Refiners, Stations Face Sanctions as FCCPC Monitors Prices Amid
By Adedapo Adesanya The Federal Competition and Consumer Protection Commission (FCCPC) has warned petrol refiners and marketers of possible sanctions over anti-competitive practices and unjustified pricing as international crude oil prices decline. The commission said it was monitoring the sustained drop in global crude oil prices to ensure that the reduction translates into lower petrol […]
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