Lokpobiri says deregulation leaves fuel prices to market forces

KEY POINTS • Petroleum Minister Heineken Lokpobiri says deregulation allows market forces to determine refined petroleum product prices in Nigeria. • He said higher domestic crude production would not automatically lower local fuel prices under a deregulated market. • The minister said oil sector investment and increased drilling could raise Nigeria’s crude production to about … Continue reading Lokpobiri says deregulation leaves fuel prices to market forces