Some stakeholders in oil industry, known as ‘Concerned Energy Consumers In Nigeria’, CECIN has renewed the call for total deregulation of the petroleum industry in the country as the way forward. Nigerians, again on Wednesday were surprised by the new increase in pump price of petroleum product from N885 to N1,030 by Nigerian National Petroleum Corporation Limited NNPCL, third time in the past two months. Speaking to newsmen on the latest increase, Agwa who insisted that total deregulation of the oil industry is the best way to go called for the cooperation of every Nigerian to champion the campaign for full deregulation of the petroleum market to save the nation. “True competition, independent market regulator, consumer protection and investor protection will strive in the atmosphere of fully and totally deregulated petroleum market sector. “So, there is need for all of us to join hands together and champion the campaign for full deregulation of the petroleum market to save our nation”, Agwa said.

Source: Nigerian Tribune October 10, 2024 10:34 UTC