NACCIMA asks FG to reduce diesel price

The Nigerian Association of Chambers Of Commerce, Industry, Mines snd Agriculture has asked the federal government slash diesel pump price.

The association, in a petition to President Muhammadu Buhari, which was addressed to the Director-General of the Federal Competition and Consumer Protection Council, Babatunde Irukera, called for an investigation into “the excessive price of automotive gas oil (ago)/diesel despite decline in international crude oil prices.”

It stated: “The facts and circumstances upon which our petition is based are outlined as follows: the sudden spread of COVID-19 has plunged many of the world’s oil production countries into limbo through closures and general financial uncertainty in China and other major oil and gas consumers.”