By Obas Esiedesa
The Federal Government is considering a 20 per cent hike in the cost of freighting petrol across the country, as part of measures to boost the revenue of transport owners.
The increase would raise the cost of bridging petrol to N9.11 per litre from N7.51 in the petrol pricing template of Petroleum Products Pricing Regulatory Agency, PPPRA.
Speaking at the 21 Annual General Meeting of the National Association of Road Transport Owners, NARTO, the Executive Secretary of the Petroleum Equalisation (Management) Board, PEF, Alhaji Ahmed Bobboi said the agency was waiting for the Federal Government approval before it would commence its implementation.
He noted that the government was also waiting for labour unions to get back to it as the increase was among the general agreement reached by the joint committee set up by the government on the hike in the price of petrol and electricity.
Also speaking on the issue, the Chief Financial Officer of the Nigerian…
Source: Vanguard Newspaper
