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FCCPC Threatens Nigeria’s Fuel Marketers With Sanctions Over High Petrol Prices Despite Crude Oil Crash
The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over what it described as the exploitation of consumers by operators in Nigeria's downstream petroleum sector, warning that it will sanction businesses found engaging in unfair pricing practices. The commission disclosed this in a statement issued on Sunday by its Director of Corporate Affairs, Ondaje Ijagwu, following findings from its ongoing surveillance of the downstream oil market.
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vanguardngr.com
Marketers retain high petrol prices as crude oil crashes to pre-war level
Oil marketers across Nigeria have continued to sell Premium Motor Spirit (PMS), popularly known as petrol, at elevated prices despite a sharp decline in global crude oil prices to…
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saharareporters.com
FCCPC Threatens Nigeria’s Fuel Marketers With Sanctions Over High Petrol Prices Despite Crude Oil Crash
The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over what it described as the exploitation of consumers by operators in Nigeria's…
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punchng.com
FCCPC questions slow fuel price cuts despite crude oil crash
The FCCPC is concerned about slow fuel price cuts in Nigeria despite a sharp drop in global crude oil prices, suspecting consumer exploitation.
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businessday.ng
FCCPC threatens sanctions as petrol price fails to track global oil crash - Businessday NG
The Federal Competition and Consumer Protection Commission is putting fuel marketers and depot operators on notice, warning that…
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FCCPC warns oil marketers against profiteering as crude prices fall
The Federal Competition and Consumer Protection Commission (FCCPC) has warned oil marketers against exploiting consumers, saying the current retail prices of petrol do not reflect…
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thisdaylive.com
Amid Drop in Global Crude Oil Price, FCCPC Warns Marketers Against Exploiting Consumers
Amid Drop in Global Crude Oil Price, FCCPC Warns Marketers Against Exploiting Consumers
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FCCPC probes exploitative fuel pricing despite falling oil costs
The FCCPC is investigating Nigerian fuel marketers for exploitative pricing, as pump prices remain high despite a significant drop in global crude oil cost
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Petrol Price: FG directs NMDPRA to end profiteering by oil marketers
By Obas Esiedesa, Abuja The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to ensure that petroleum marketers do not…
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africa.businessinsider.com
Nigeria orders crackdown on petrol pricing as crude oil drops from $120 to $72/barrel
Nigeria orders fuel regulator to tackle petrol price profiteering as crude oil prices fall, while seeking stronger consumer protection and investor confidence
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High fuel price: FG engages petroleum marketers, industry regulators
The Federal Government on Monday reaffirmed its commitment to ensuring fairness in the downstream petroleum sector, saying it is engaging petroleum marketers and industry…
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FG orders marketers to reduce fuel price
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to ensure petroleum marketers do not exploit Nigerians through…