The Business NG - January 06, 2025
The Business NG - January 06, 2025
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The price of Premium Motor Spirit (PMS), commonly known as petrol, could witness a significant reduction in 2025. Currently retailing between N900 and N950 per litre, industry experts predict it may drop to as low as N500 per litre by year-end.
Stakeholders attribute this potential decline to the federal government’s deregulation policy, which has fostered a more competitive and stable downstream sector. Key drivers of the anticipated price reduction include:
1. Stable Foreign Exchange Policy: Improved access to foreign exchange for importers.
2. Price Competition: Heightened rivalry among marketers to attract customers.
3. Naira-for-Crude Policy: Allowing local refiners to pay for crude oil in Naira instead of foreign currencies.
4. Expansion in Local Refining: New refineries becoming operational, reducing dependence on imports.
The Business NG Newspaper Description:
Editor: Tuns Media & Comm Enterprise
Categoría: Newspaper
Idioma: English
Frecuencia: Semi-Weekly
The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level
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