Government may increase fuel price as NNPC says N145 not sustainable

Government may increase fuel price as 

NNPC says N145 not sustainable  

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The Nigerian National Petroleum Corporation, NNPC, has said it can no longer sustain the sale of petrol at N145 per litre.

The Group General Manager, Crude Oil Marketing of the NNPC, Mele Kyari, said that with the current price of foreign exchange, it is no longer feasible selling petrol at N145 per litre.
The NNPC official told newsmen at this year’s Oil Trading and Logistics Expo, holding in Lagos that “We have a very difficult business environment. It is impossible today to import products at the current market price, at current fixed foreign exchange rate.
Nigerians should therefore be ready for the new price. 

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