…be bought uniformly,” he said.He described the development as one of the benefits of deregulation and increased competition in Nigeria’s downstream petroleum sector.“This is the beauty of deregulation and competition,” Ukadike said.Dangote Refinery has continued to expand its distribution network as part of efforts to…

…security. The association said the implementation of the Petroleum Industry Act, deregulation of fuel pricing, rehabilitation of government-owned refineries and the emergence of private refineries had positioned Nigeria to become a major refining and distribution hub in Africa. However, it identified challenges includi…

…and renewed efforts by the Federal Government to ensure that Nigerians benefit from the deregulation of the petroleum market. Earlier this week, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, insisted that fuel prices in a deregulated market would be determined by market forces and competition…

…the downstream sector had been fully deregulated, the regulator must ensure that deregulation does not become an avenue for profiteering at the expense of consumers. According to him, following de-escalation of tensions in the Middle East and decline in global crude prices, Nigerians expected corresponding reductions i…