VOL. XXXIV

NO. 1

8 OCTOBER 1990

Oil Prices

Nigeria's October Prices

The Nigerian National Petroleum Corporation (NNPC) has notified termcustomers of price formula increases for the month of October ranging between 25and 45 cents/B. Moreover, pricing will now be carried out on a monthly ratherthan a quarterly basis as before. NNPC has also reverted to its previous systemof deferred pricing (11 to 20 days after B/L for Europe and 16 to 25 days afterB/L for the US), withdrawing the option to price...