The Federal Government has been advised to stop the consistent slide in the value of the Naira against the dollar, as it has significantly impacted the pump price of fuel.
President of the Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, Benneth Korie, who made the call in Abuja, said the pump price would rise in the coming days following the significant fall in the value of the Naira to the dollar.
He added that fuel price may increase next week to reflect the market exchange rate of the Naira to the dollar, stressing that the Government needs to streamline the currency trading market.
Korie also insisted that fixing the moribund refineries has become an urgent national issue, saying that getting the refineries back in operation will stabilize petrol pump prices and relieve the pressure on the local currency.
The marketers also tasked the Government on the need to fix the road networks in the country, stressing that it was having a heavy toll on the cost operations in the downstream sector.
