The FCCPC reported that petrol prices remain high despite a significant decline in global crude oil prices. The commission emphasized that it does not regulate petroleum prices in Nigeria's deregulated market and will investigate any anti-competitive practices.
The FCCPC, led by Mr. Tunji Bello, has warned downstream petroleum marketers against exploiting consumers amid a decline in global crude oil prices. The commission will investigate and sanction any anti-competitive practices that violate the Federal Competition and Consumer Prote
The FCCPC is investigating exploitative fuel pricing in Nigeria's downstream petroleum sector, noting that fuel prices have not decreased in line with falling global crude oil prices. The commission is concerned about potential consumer exploitation and will enforce actions again
