Ex-labour leader seeks oil buffer to stabilise petrol prices

The Punch | 16-09-2026 06:45am |

A former labour leader, Mustapha Wali, has proposed the establishment of a petroleum price moderator and stabilisation reserve to absorb global oil price shocks in Nigeria. The proposal aims to stabilise petrol prices and mitigate the impact of volatile international oil markets on Nigerian consumers. Wali's suggestion comes amid ongoing concerns over fuel price fluctuations.

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