Following the recent adjustment of the price of petrol to N145 per litre by
the federal government, sales of the product have drastically reduced by
about as much as 40 per cent, according to the Chairman, Major Oil
Marketers Association of Nigeria (MOMAN) and Group Chief Executive Officer
of Forte Oil Plc, Mr. Akin Akinfemiwa.
It also emerged yesterday that as the National Bureau of Statistics (NBS)
prepares to release inflation figure for May 2016 next week based on the
bureau’s data release calendar, the Consumer Price Index (CPI) has been
predicted to hit 14.7 per cent.
Aki... mor
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