Nigeria: Scarcity of Forex May Drive Kerosene Price Higher

8 July 2016

There are indications that prices of kerosene and diesel may further go up following acute dearth of the products, as marketers yesterday blamed the scarcity and hike prices of the products to unavailability of foreign exchange, FOREX, unpaid debts by Federal Government and other government's harsh policies.

The prices of the products have already gone up as kerosene is sold between N180 and N200, while diesel is sold between N150 and N187 depending on the retail outlet.

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