Nigeria, June 30 -- The Federal Government says it is engaging petroleum marketers and industry regulators to address concerns over fuel pricing and ensure Nigerians benefit from falling global crude oil prices.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Monday while responding to questions from journalists after the Federal Executive Council (FEC) meeting in Abuja.

Mr Oyedele said discussions were ongoing with operators in the downstream petroleum sector on how changes in international crude oil prices should be reflected in domestic pump prices.

According to him, marketers often increase fuel prices almost immediately when crude oil prices rise, citing higher replacement costs, ...