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Rising petrol prices to drive up transport and food costs, oil marketers warn

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The fuel price surge as a result of the suspension of the naira-for-crude deal is set to affect the cost of transportation, food and other items in the market.
Oil marketers in Nigeria have raised concerns about an impending increase in transportation and food costs due to a potential surge in fuel prices, as reported by Legit.ng. The marketers attribute the looming crisis to the rising cost of crude oil in the international market and the depreciation of the naira. They warn that if the government does not intervene, the price of petrol could rise to as high as N750 per litre, significantly impacting the cost of living. The marketers are urging the government to take immediate action to stabilize the fuel market and mitigate the economic strain on citizens.

Read the Full legit Article at:
[ https://www.legit.ng/business-economy/energy/1647844-oil-marketers-raise-alarm-looming-high-cost-transportation-food-fuel-price-surge/ ]