The Federal Government has increased the freight rates of petrol by N10 per litre. A circular on the increase, which took effect June 1 will be issued today by the government.
President, Nigerian Association of Road Transport Owners (NARTO), Alhaji Yusuf Othman, said the increase was because most transporters could not afford the cost of diesel that used to be N600/litre as at last month.
This has culminated in its scarcity in the FCT and its environs where queues around retail outlets have persisted in the last few days.
It has also triggered black marketing with some traders vending it for between N3,000 to N4,500 per litre in plastic containers.
SOURCE: plustvaftica.com
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