The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has said the price of Premium Motor Spirit (PMS), popularly called fuel, would continue to decline until June.
Rewane said after June, market forces, global oil and currency series of events would stabilize the price.
In an interview with Channels TV on Tuesday, the financial expert said, “So, generally between now and June, we will see prices begin to decline. But after June as things stabilize, depending on what happens in the global oil and currency market, we might begin to see some stabilisation.”