He said market realities should be reflected in both ex-depot and retail pump prices to ensure fairness and economic relief for the public.
He said Nigeria should think beyond OPEC production quotas and target higher crude oil output to maximise value.
Mr Gillis-Harry said that with the naira-for-crude policy, the benefits of lower global crude prices would be passed on to consumers, leading to reduced fuel prices.
Mr Gilly-Harris stated, “The challenge we have is that we buy products at a price today, and before the close of business, the price has reduced.’’
