Against clamour from both major marketers and independent marketers for full deregulation of the petroleum industry, expert in the industry have called on the Federal Government to disregard plans, saying such actions could trigger more hardship for the citizens as well as the economy. This call was made at the 6th Emmanuel Egbogah Legacy Lecture Series, themed: Managing Petroleum Revenue … Read More
Major Marketers Lament Impact of Deregulation
Major marketers of petroleum products in Akwa Ibom State have lamented the negative impact of the deregulation in the oil industry, which resulted in the removal of subsidy for petrol, saying sales have dropped drastically. Before now, price differentials existed between major and independent marketers in the sale of petroleum products, particularly that of premium motor spirit (PMS), popularly called … Read More