The Punch
Refiners support forward crude sales but oppose petrol price cap
The Crude Oil Refiners Association of Nigeria has endorsed the government's plan for forward crude sales while warning against a petrol price cap without cost recovery.
The Crude Oil Refiners Association of Nigeria supports selling oil to domestic refineries through forward contracts. However, the group warns that a price cap on petrol should not be implemented unless there is a clear plan for cost recovery.
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