Nigerians may yet be faced with another round of fuel scarcity as oil marketers lamented on Thursday the increasing exchange rate, which has made product importation nearly impossible. This was even as they demanded “Emergency Palliative Measures” that would allow the importation of products at N600 per dollar within the next three months. Already, he said several filling stations have shut down operations, adding that the increasing cost of crude oil and foreign exchange has also impacted private depot owners. “Worst hit are filling stations whose owners find it extremely difficult to secure funds to procure products for their retail outlets. He stressed that the effective distribution of products across the country is hinged on the provision of roads and management.

Source: Nigerian Tribune October 05, 2023 23:16 UTC