Crude Price Drop: FCCPC Demands Lower Petrol Prices in Nigeria
The Federation of Christian Petroleum Marketers of Nigeria (FCCPC) has called on oil marketers to lower petrol and diesel prices for consumers, citing the recent drop in international crude oil prices as justification.
According to the FCCPC, consumers should benefit from the decrease in crude oil prices. The organization warns oil marketers against exploiting the situation and retaining the benefits for themselves.
In a statement released by the FCCPC, its chairman, Rev. Fr. Can. Chinedu Okoronkwo, expressed concern over the high cost of petrol and diesel in the country. He stated, "We are worried about the high prices of petrol and diesel in Nigeria despite the fall in global crude oil prices. We urge oil marketers to reflect the decline in crude oil prices on the prices of petrol and diesel at the pumps."
The drop in crude oil prices has been attributed to various factors, including the ongoing COVID-19 pandemic and its impact on global demand for oil. However, the FCCPC believes that consumers should be the primary beneficiaries of these fluctuations in the oil market.
The Federation of Christian Petroleum Marketers of Nigeria is a prominent trade association representing over 1,000 petroleum products dealers across the country. Their call for lower fuel prices follows a recent trend of global oil producers and consumers demanding more affordable energy prices.
Source: Crude Price Drop: FCCPC Demands Lower Petrol Prices in Nigeria - PunchNG
<small>Source: Punch Nigeria — read the original story there.</small>