Heavy reliance on importation and weak Naira-to-Dollar exchange rate have been blamed for the spike in aviation fuel, currently
Fuel marketers, yesterday, said besides the local charges and fees that are fixed, fluctuations in the global price of crude oil and the exchange rate would continue to affect the price of fuel, until there is a renewed effort to refine the product locally.
General Manager, TotalEnergies Nigeria, Rabiu Abdulmutalib, said spikes would continue to be the narrative until the local challenges are resolved. He canvassed proper coordination among relevant government agencies in monitoring and enforcing all standards along the supply chain.
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