Deregulated Downstream Petroleum Sector and Consumer Patronage of Premium Motor Spirit (PMS) in Rivers State

Abstract

The study examined the impact of deregulated downstream petroleum sector on consumer patronage of Premium Motor Spirit (PMS) in Rivers State. In other to carry out an empirical investigation, the study employed primary data that were gotten with the use of questionnaires and adopted the survey research design which comprises analytical and descriptive type. The study population was made up of all residents of Rivers state given at 7,476,800. Taro Yamen formula was used to determine the sample size of 400. The study employed the Simple Regression Analysis in analyzing the influence that exists between the dependent and the independent variables. From the result of the analysis, it was discovered that deregulation of the downstream petroleum sector has an insignificant and negative relationship with consumer patronage. The study concluded that deregulated downstream petroleum sector has a negative relationship with consumer patronage. Therefore, the study recommends that government should boost supply of premium motor spirit in order to bring down price and increase patronage.

Keywords

• Deregulation
• Consumer Patronage
• Privatisation
• Marketisation
• Divestiture

How to cite