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Nigeria discards petrol price band as marketers get nod to fix price

Nigeria’s Federal Government on Tuesday said it would henceforth no longer release guiding price bands for Premium Motor Spirit (PMS), popularly called petrol. This means that going forward, PMS price would be determined by the forces of demand and supply and the international cost of crude oil, Abdulkadir Saidu, executive secretary, Petroleum Products Pricing Regulatory…



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