Fuel Hike: Encourage Local Refining-Oil Marketer Advises FG
In a bid to curtail the continuous increment in the cost of Premium Motor Spirit, PMS, the Chief Executive Officer of Emadeb Energy Service Limited, Debo Olujimi on Wednesday said local refining of the product remains the only lasting solution to the price surge.
The Marketer, Olujimi stated this during an inaugural ceremony of its Ijegun Satellite Depot on Wednesday in Lagos.
Olujimi expressed that the continuous increase in the price of petrol will continue to affect Nigerians negatively except local refining of the product is encouraged.
He also bemoaned the continued dependence on the US dollar for the importation of fuel products into the country.
“It is a known fact that the increase in the price of petrol has put significant pressure on Nigerians, which we all understand.
“The only way to address the ongoing challenges is for the government to encourage local refining,” he said.
The cost of fuel which has gone up from N500 to N617 per litre and more has taken a great toll on Nigerians across the country.
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