Experts in energy economics are advocating the adoption of petroleum products export parity pricing mechanism or the use of prevailing market situation in the determination of the pump price of petrol in Nigeria.
This is one of the issues that will form the agenda at the up-coming International Conference of Energy Economists in Abuja.
It will focus on the role of natural gas and renewable energy resources on energising emerging economies.
President of the Nigeria Association for Energy Economics, Mr Wumi Iledare, said Nigeria must use the low oil prices regime to eliminate subsidy on petrol and deregulate downstream sector.
He also advocated the autonomy of agencies and parastatals in the petroleum sector.