Post by Proshare (@Proshare)

The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over findings from an ongoing surveillance of the downstream petroleum market, suggesting undue exploitation of consumers.

In its statement, the FCCPC stated that a review of the gantry prices of local refiners, marketers, depot operators, and retail outlet operators revealed token price reductions that are not commensurate with the steep fall in crude prices in the global market.

https://proshare.co/articles/crude-price-fall-fccpc-frowns-at-exploitation-in-oil-market?menu=Economy&classification=Read&category=Oil

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