Dossier
downstream petroleum sector
Coverage of downstream petroleum sector in the Nexus archive.
- Nigeria: Amid Drop in Global Crude Oil Price, FCCPC Warns Marketers Against Exploiting Consumers
The Federal Competition and Consumer Protection Commission (FCCPC) in Nigeria warned downstream petroleum sector operators against exploiting consumers by not adjusting retail fuel prices to reflect the recent drop in global crude oil prices. FCCPC Executive Vice Chairman/Chief Executive, Mr. Tunji Bello, issued the warning.
- FCCPC threatens sanctions, warns marketers over petrol price cuts
The Federal Competition and Consumer Protection Council (FCCPC) is monitoring pricing trends in the downstream petroleum sector and has warned marketers against exploiting consumers by maintaining high petrol prices despite falling global crude oil prices. The agency threatens sanctions against businesses found guilty of such practices.