Refiners explain why Nigerians can’t get cheaper fuel despite crude price drop
The Crude Oil Refinery Owners Association of Nigeria (CORAN) has explained why Nigerians are not experiencing lower prices for Premium Motor Spirit (PMS), despite a significant drop in global crude oil prices. According to CORAN, the suspension of Naira-for-crude deals, profiteering by middlemen, and the rising foreign exchange rates are key factors keeping fuel prices…
