There are strong indications that Nigerians should be prepared to pay more for a litre of petrol as the naira for crude oil and finished products policy may not bring that expected respite even in the long run.
In a landmark move towards reducing pressure on the naira, eliminating unnecessary transaction costs, and improving availability of petroleum products, the Federal Government has successfully initiated the sale of crude to local refineries as well as corresponding purchase of petroleum products in naira.
Details in ENERGY TIMES newspaper
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