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HomeNewsMarketers Raise Alarm Over Price Drop, Appeal to President Tinibu for Intervention

Marketers Raise Alarm Over Price Drop, Appeal to President Tinibu for Intervention

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Petroleum product marketers in Nigeria have expressed deep concerns over the recent decline in refinery prices, which have fallen from N1,200 to N1,000 and now N900 per litre.

In a letter to President Bola Tinibu, the marketers claim the price cuts are taking a toll on their businesses.

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Devakumar Edwin, Vice President of Dangote Industries Limited, highlighted that while the price drop aims to make fuel more affordable, it is creating significant strain for distributors.

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They are now seeking urgent intervention to address the challenges posed by the price fluctuations.

 

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