Refiners back forward crude sales, oppose petrol price cap
The Crude Oil Refiners Association of Nigeria supports the government's plan for forward crude oil sales but opposes a strict petrol price cap. They argue that price ceilings are unsustainable without a clear mechanism for recovering costs when market prices exceed the limit.
Why it matters
This reflects the tension between government efforts to control inflation and the economic realities faced by domestic energy producers.
Add us to your Preferred Sources Refiners back forward crude sales, oppose petrol price cap Business & Economy October 12, 2026 12:05 am File Photo. Petrol nozzle
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