Meanwhile, Legit.ng reported that oil marketers propose that the incorporation of ethanol into petrol could considerably reduce the price, potentially decreasing it by N49 per litre.
This proposal stems from the scarcity challenges and the resurgence of prolonged queues in different parts of the country.
Interestingly, this suggestion aligns with the concerns voiced by oil marketers about a possible upswing in fuel prices reaching N800 per litre in the upcoming weeks.
They attribute this anticipated hike to the escalating landing cost, a pivotal factor influencing the potential increase.
Source: Legit.ng
