The Federal Government has backed the establishment of a regional petrol pricing benchmark for West Africa, saying the initiative will strengthen energy security, deepen cross-border trade and enable the region to determine the value of its refined petroleum products.

The Federal Government argues that crises in Europe shouldn't dictate Africa petroleum price. Nigeria pushes for a West African regional benchmark reflecti

— S&P Global urges market participation By Obas Esiedesa, Abuja The Federal Government has backed the establishment of a regional petrol pricing benchmark for West Africa, saying…