Chieftain of Independent Petroleum Marketers Association of Nigeria says hike in price of diesel, will worsen inflation.

Written by on March 12, 2022

A Chieftain of the Independent Petroleum Marketers Association of Nigeria (IPMAN) Mr. Chinedu Anyaso, says the hike in the price of Automotive Gas Oil (AGO), popularly called diesel, will worsen inflation in the country.

Anyaso, who is the Chairman of IPMAN, Enugu Depot Community, said this in an interview with Newsmen in Awka.

He described the development as unhealthy, saying the hike portended stiffer hardship for Nigerians.

He said the instability in prices was not good for IPMAN members and businesses generally, charging the Federal Government to take urgent steps to fix the country’s refineries or build new ones to protect citizens from the harsh effects of fluctuating international crude price.

According to reports, the price of the commodity went up about two weeks ago in Awka and its environs from 400 Naira per litre to 650 Naira per litre.

Anthony Samuel

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