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Tag: Petrol Scarcity

DOLLAR SCARCITY: PETROL PRICE HIKE LOOMS, MARKETERS SAY

August 10, 2016 AdminLeave a comment

Nigerians should prepare for another increase in the pump prices of petrol, due to the continued scarcity of foreign exchange to finance the importation of the product, oil marketers have said. According to them, the United States dollar hit an all-time high last week, as it exchanged for N400 at the parallel market. Worried by the development, the marketers say […]

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DPR SAYS MARKETERS ARE CAUSING ARTIFICIAL SCARCITY

July 11, 2015 AdminLeave a comment

The country’s long running intermittent fuel scarcities are artificial, and the handiwork of unscrupulous oil marketers and depot owners. This statement was made by the Department of Petroleum Resources (DPR).

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