The current hike in fuel price signals a need for the local refinement of oil products

On the 11th of November 2020, the Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) released an internal memo announcing an increase in the ex-depot price of fuel, to N155.17 per litre from N147.67 per litre. The ex-depot price is the price at which the product is sold by... Read More