Fuel Marketers Express Concern as Five-Month Fuel Imports Reach N6 Trillion

Fuel marketers in Nigeria have raised alarms over the escalating costs of fuel imports, which have reached N6 trillion over the past five months. The surge in import expenses is attributed to global oil price fluctuations and foreign exchange challenges. Marketers are concerned about the sustainability of current pricing structures and the potential impact on the domestic economy. They are urging the government to implement policies that promote local refining and reduce dependency on imported fuel to stabilize the market and ensure energy security.