PETROAN urges refiners, importers to reflect downward price adjustment as crude falls

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged refiners, depot owners and fuel importers to reflect the recent drop in global crude oil prices in ex-depot and pump prices of petroleum products.
The National President of PETROAN, Mr Billy Gillis-Harry, made the call in a statement on Friday in Abuja.
Gillis-Harry said the recent drop in global crude oil prices offered an opportunity for stakeholders in the downstream sector to pass the savings on lower crude costs to Nigerian consumers.
He emphasised that market realities should be reflected in both ex-depot and retail pump prices in the interest of fairness and economic relief for the public....