INSTABILITY IN FUEL COST INCREASES TO N213 PER LITRE.

The importation of Premium Motor Spirit (PMS) into Nigeria is to gulp extra cost of over N2.369 billion per day from federal government and marketers.
This is because the landing cost price for fuel has soared to N212.7 per litre.
This came as oil prices hit their highest levels since July 2015.
It was reportedly said by Telegram that this because the landing cost has been increased to N2.369 billion.
This came as oil prices hit their highest levels since July 2015 with Brent reaching $58.37 and $55.24 , before pairing gains on the strong dollar.
Buoyed by this, the federal government is already mulling total deregulation of the downstream sector.