Operators in the downstream sector of Nigeria’s oil and gas industry have called for the total liberalisation of petroleum products price regime, maintaining that government’s regulation of petroleum products prices has created more obstacles than incentives in the system.
Some of the obstacles, according to the Chairman/Managing Director of Mobil Oil Nigeria Plc, Mr. Tunji Oyebanji, include fixed margins, delay in subsidy refunds, product adulteration, indiscriminate construction of stations and terminals, distortion in the market and prolonged products outages.
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