The continued fall in
crude oil price may lead to a further cut in the pump price of petrol by the
Federal Government any time soon, the outgoing Executive Secretary of the
Petroleum Products Pricing Regulatory Agency, Mr. Farouk Ahmed, has said.
The PPPRA is
the agency of the Federal Government that regulates and fixes prices for
petroleum products in the country. The agency
had late December 2015 stated that the pricing template for petroleum products
would be reviewed occasionally to reflect fluctuations in the price of crude
oil in the international market.
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