MARKETERS SET TO INCREASE PRICE OF PETROLEUM PRODUCTS
Oil marketers have said that they can no longer sustain the distribution of petroleum products across the country.
This is as a result of the hike in price of diesel used by these marketers to power their trucks.
The product now sells for N1,100/litre in many locations.
The marketers said the federal government must intervene urgently in order to arrest the situation.
This is the position of the marketers, under the aegis of Natural Oil and Gas Suppliers’ Association of Nigeria, NOGASA.
They raised the alarm in a statement signed by their President, Benneth Korie.
They cried out that diesel has witnessed an incessant hike in prices in recent months.
“NOGASA is worried about the ugly development and trying to understand why prices of diesel are going as high as N950 to N1,100 per litre in the market with a view to moderating the prices and shocks in the economy.”