ABSTRACT
In recent years, the majority of price made in petroleum sectors by marketers at the downstream sectors or by the government has been on the upward trend. This is a contemporary issue, which can hardly be ignored and diverse literatures have been directed toward this area of thought. However, little has been done in the realm of price decision and public policy. Most analysis done in the area of petroleum sector has been concerned primarily with trend in production, revenue and economic growth, which are no doubt helpful to the oil companies and producer government. Although no existing work deal comprehensively with the complex political and economic relationship between and within the under-develop and develop countries centering around the most vital commodity ‘oil’, this research work had some light on the issue of petroleum product, price review or pump price review and the deregulation of the downstream sector of the oil industry, in addition to this, it went further to take a look at the problems, objectives, significance, limitation and some definition of terms, it also reviewed some literature and advance the reasons and conditions for the deregulation of the downstream sector of the oil industry.
REFERENCES
Amu, L.A.O (1993): Review of Nigeria’s Oil Industry NNPC Lagos.
Lawrence, A. “A Review of Nigeria’s Oil Industry” An NNPC Journal Vol. 11 NNPC Press.
Morris, M.A. (1995): Development Economics. A New Approach, Warri Publisher Limited.
Odedele, M.O.A. (1998): Road Transportation System in Nigeria.
Oji, M.O and Adebusy, B.S. (1996): “The State of Nigeria Petroleum Industry Performance Problem and Outstanding Issue.
Okeke, C.C.S. (1986): An Introduction to Economics, Publishing Limited Onitsha.
Sanusi, J.O. (1998): “Deregulating the Nigerian Economy” CBN Economic and Financial Review Vol. 26 No. 4 pp 35.
Uduegbon, M.A “Determining the Price of Petroleum Product in Nigeria and the Issue at Price Subsidiary”. Economic and Financial Review Vol. 26 No.1 pp 1733, 1994.
Vanguard “Recurring Fuel Scarcity” August 26th 1998 Vol. 141 pp 1 Agbese and Akinrinade.
William, B. (2002): Issues and Problem of National Development, Alero Publisher
In recent years, the majority of price made in petroleum sectors by marketers at the downstream sectors or by the government has been on the upward trend. This is a contemporary issue, which can hardly be ignored and diverse literatures have been directed toward this area of thought. However, little has been done in the realm of price decision and public policy. Most analysis done in the area of petroleum sector has been concerned primarily with trend in production, revenue and economic growth, which are no doubt helpful to the oil companies and producer government. Although no existing work deal comprehensively with the complex political and economic relationship between and within the under-develop and develop countries centering around the most vital commodity ‘oil’, this research work had some light on the issue of petroleum product, price review or pump price review and the deregulation of the downstream sector of the oil industry, in addition to this, it went further to take a look at the problems, objectives, significance, limitation and some definition of terms, it also reviewed some literature and advance the reasons and conditions for the deregulation of the downstream sector of the oil industry.
REFERENCES
Amu, L.A.O (1993): Review of Nigeria’s Oil Industry NNPC Lagos.
Lawrence, A. “A Review of Nigeria’s Oil Industry” An NNPC Journal Vol. 11 NNPC Press.
Morris, M.A. (1995): Development Economics. A New Approach, Warri Publisher Limited.
Odedele, M.O.A. (1998): Road Transportation System in Nigeria.
Oji, M.O and Adebusy, B.S. (1996): “The State of Nigeria Petroleum Industry Performance Problem and Outstanding Issue.
Okeke, C.C.S. (1986): An Introduction to Economics, Publishing Limited Onitsha.
Sanusi, J.O. (1998): “Deregulating the Nigerian Economy” CBN Economic and Financial Review Vol. 26 No. 4 pp 35.
Uduegbon, M.A “Determining the Price of Petroleum Product in Nigeria and the Issue at Price Subsidiary”. Economic and Financial Review Vol. 26 No.1 pp 1733, 1994.
Vanguard “Recurring Fuel Scarcity” August 26th 1998 Vol. 141 pp 1 Agbese and Akinrinade.
William, B. (2002): Issues and Problem of National Development, Alero Publisher
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