Association Urge Federal Govt To Regulate Diesel, Dollar’

Nigerian Gas and Oil Suppliers Association (NOGASA) has urged the Federal Government of Nigeria to regulate price of Automotive Gas Oil (AGO) diesel, by sealing its pump price like that of petrol.

National President, Bennett Korie who spoke in Abuja, blamed the rising cost of diesel and high dollar rate for worsening petrol price.

He warned that should government fail to address the challenges, the hostile environment will liquidate petrol marketers and force them to fold up before end of February.

Korie urged government to adopt the N750/$ 2024 budget exchange rate benchmark as official exchange rate to tame the worsening exchange rate crisis.

FG Asked To Remove Fees on Locally Refined Diesel

According to him, most private refineries, including modular ones, are afraid to begin production because they are not sure of the price to fix.

He added that some agencies as Nigeria Ports Authority (NPA) and Nigerian Maritime and Administration and Safety Agency (NIMASA) are collecting payments in dollars to aggravate the forex challenge.