Tuesday, 9 August 2016

Dollar scarcity: Petrol value hike looms - Marketers


Nigerians ought to get ready for another expansion in the pump costs of petrol, because of the proceeded with shortage of remote trade to back the importation of the item, oil marketers have said. 


As indicated by them, the United States
dollar hit a record-breaking high a week ago, as it traded for N400 at the parallel business sector.

Stressed by the improvement, the marketers say if not earnestly tended to, the pump costs of petrol won't stay at the affirmed rates. 


The Federal Government changed the downstream division of the petroleum business on May 11, 2016, and declared an expansion in the pump costs of petrol from N86 and N86.5 per liter to amongst N135 and N145 per liter.

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