Fuel price hike ‘ll reverse ease in inflation – LCCI

Fuel price hike ‘ll reverse ease in inflation – LCCI …C0NTINUE READING HERE >>>

The Lagos Chamber of Commerce and Industry (LCCI) has said that the  hike in fuel price from N568 to N855 would trigger widespread price increases, potentially reversing the recent ease in inflation.

Director General, LCCI, Dr Chinyere Almona, said this in a statement on Wednesday in Lagos.

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She noted that the official price of petrol, now at N855, was a clear indication that the shortfall between the landing cost and the former price level of N568 charged by Nigerian…

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