Falling Crude Prices: FCCPC Presses Refiners, Marketers To Slash Petrol Prices

The Federal Competition and Consumer Protection Commission (FCCPC) has stepped up pressure on refiners and petroleum marketers to slash petrol and diesel prices as international crude oil prices continue to decline, insisting that Nigerian consumers must benefit from the reduction in global costs.
The executive vice chairman and chief executive officer of the commission, Mr Tunji Bello, gave the assurance on Tuesday, saying the FCCPC was closely monitoring domestic fuel prices to ensure that the decline in crude oil prices translates into relief for consumers.
Brent crude futures, which reportedly peaked at $115 per barrel in September, have fallen to below $90 this week in the intern...