NEWS: Fuel Price: Labour Leader Shares Alleged Cause of Hikes in Petrol Cost in Nigeria

Fuel Price: Labour Leader Shares Alleged Cause of Hikes in Petrol Cost in Nigeria

A top labour leader, Festus Osifo, has said the rise in exchange rate (depreciation of the naira) often hikes the price of petroleum productsOsifo explained that the naira-dollar exchange rate’s fluctuation directly increases the fuel price indexThe TUC boss said his organisation has already presented their ‘worry’ to state governors regarding how the exchange rate reportedly shoots up fuel price

Henzodaily.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering public…

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