FG may increase fuel price as NNPC says N145 not sustainable

The Nigerian National Petroleum Corporation, NNPC, has said it can no longer sustain the sale of petrol at N145 per litre.

Recall that Labour last month warned against increment in pump price.

Speaking yesterday, Group General Manager, Crude Oil Marketing of the NNPC, Mele Kyari, said with the current price of foreign exchange, it was no longer feasible selling petrol at N145 per litre.