Nigeria Labour Congress Threatens To Embark On Total, Indefinite Strike If Petrol Price Rises FurtherThey also hinted that dealers seeking to import petrol were being forced to put the plans on hold due to the scarcity of foreign exchange to import the commodity.
They also hinted that dealers seeking to import petrol were being forced to put the plans on hold due to the scarcity of foreign exchange to import the commodity. Regarding speculations that the pump price of petrol could rise to N1,000 by December, the IPMAN boss said he could not determine the exact amount the fuel price price would get to.
"So, we need to see how we can get an alternative as a panacea to the fuel price increase. Members of IPMAN use Compressed Natural Gas and we believe it is the best alternative. The pressure on the naira is so much and the international market dictate is also not helping matters. Last Wednesday, the naira dropped further to the dollar as it exchanged at N782.38/$1 at the official market and 910/$1 at the parallel market.
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