Crude price drop: FCCPC demands lower petrol prices
The FCCPC has warned oil marketers to reduce petrol and diesel prices following a drop in international crude oil prices, insisting consumers must benefit. Read More: https://punchng.com/crude-price-drop-fccpc-demands-lower-petrol-prices/
The Federal Competition and Consumer Protection Commission (FCCPC) has urged oil refiners and marketers to lower petrol and diesel prices following a decline in international crude oil prices. The commission is monitoring the situation to ensure that consumers benefit from the reduced production costs. The drop in Brent crude futures has fallen from $115 per barrel in September to below $90 this week, which could ease pressure on domestic fuel prices.
Despite the lower crude prices, petrol prices remain between N1,405 and N1,420 per litre in Abuja, and between N1,325 and N1,370 per litre in Lagos.
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