Nigeria Diesel Price to Rise to 650 Naira per Litre above the official price
In the past few weeks,
There are indications of a rise in the price of refined petroleum products across Africa.
Nigerians have had to endure the biting fuel scarcity that almost crippled economic activities in some parts of the country .Long and frustrating queues dot filling station in major cities across the country.
The scarcity of petrol and rise in diesel has caused a big blow on cost of energy consumption by more than 100 % (percent),https://youtu.be/O2oKmpTJnH4
As business, from small to big,are groaning as the rising prices of diesel and aviation fuel in Nigeria are taking a heavy toll on their operation.
The scarcity of petrol and surge in diesel price , buoyed by the fallout of the Russian-ukraine crisis,thus have increased the costs incurred by many businesses.
The situation is so bad that most filling stations now sell petrol at three hundred and thirty Nairas per litre above the official price in Bayelsa state and general above pump price in many parts of the country.
The Nigerian Petroleum Company Limited (NNPCL) reassure Nigerian that adequate measures have been out in place to prevent Sharp practices , hoarding of petroleum and ensure supply sufficiency
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