‘Nobody should expect miracle for now’ – Ojiefoh reveals when fuel price may drop

Former Commissioner for Oil and Gas, Edo State Enahoro Ojiefoh has ruled retired the anticipation of substance terms driblet successful the adjacent fewer days, declaring that specified occurrence volition not happen.

Ojiefoh spoke with News Central TV connected Tuesday pursuing the outrage implicit the refusal of lipid marketers to revert to aged terms contempt planetary driblet successful crude lipid price.

DAILY POST reports that lipid marketers person been nether terrible unit to driblet substance prices pursuing the autumn of crude lipid aft the US-Iran tensions eased.

Only past week, Dangote Refinery which emerged arsenic the ascendant supplier of substance slashed the gantry terms by N50 with a litre of PMS sold betwixt N1,250 to N1,300 per litre successful immoderate parts of the country.

Speaking, Ojiefoh expressed optimism that substance terms volition commencement dropping successful the adjacent 2 to 3 weeks aft the marketers person cleared their aged stocks.

He said, “Two to 3 weeks from now, the terms volition commencement dropping. The vigor marketplace arsenic it is currently, we are not definite the terms volition beryllium dropped successful the fewer days adjacent with the negotiations successful the mediate east.

“But we are definite that arsenic soon arsenic marketers merchantability disconnected the banal they person successful their locations, past caller banal volition travel with a caller terms and definitely, the terms volition drop.

“However, astatine the m...