Nigeria’s economic turmoil worsens as experts blame price spike on rising global oil prices and weak naira.
Gasoline prices up 26 since subvention scrapped May 30 56 private companies have applied to import energy NNPC head blames ‘ request forces ’, claims 32- day stocks Experts criticized the price rises on rising global oil painting prices and a weak naira. Thank you for reading this post, do not forget to subscribe! The price of gasoline has jumped 26 in Nigeria since new chairman Bola Tinubu ended a longstanding energy subvention on May 30, with the country’s state– possessed oil painting company condemning request forces that now determine pump prices in a statement July 19. The price of gasoline hit an each– time high of Naira 617/ liter( 81 cents/ liter) on July 19, over from Naira 488/ l six weeks agone , egging demurrers by rights groups and labor unions. “ These are just prices depending on the request realities, ” said Mele Kyari,…
