PMS Prices are Determined by Free Market Forces—NNPC Ltd

PMS Prices are Determined by Free Market Forces—NNPC Ltd
By Babatunde Aremu
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has stated that foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS), which are governed by unrestricted free market forces, as provided for in the Petroleum Industry Act (PIA), 2021.… More...




