petrol Nigerian Government has announced plan to further review its pricing template for petrol with the aim of removing several multi-layered charges and costs that affect the pump price of petrol at service stations across the country. Government said it would continue to work with the Central Bank of Nigeria (CBN) to find ways of providing subsidised foreign exchange interventions for oil marketers in the country. Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Saturday, lamented that the Nigerian National Petroleum Corporation (NNPC) currently imports nearly all litres of petrol used in the country at a huge cost. According to him, marketers in the country were no longer importing petroleum products because of the unfavourable business fundamentals which had been influenced by the rising prices of crude oil. “Downstream continues to be an area that has numerous challenges, that is why throwing ideas on them will continue to be something that any ministe
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