Petroleum Products: FG increases freight rate by 25%

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The Federal Government has approved a 25 percent increase in freight rate for petroleum products, from N9.5 per litre to N11.87/litre. The National President of the Nigerian Association of RoadTransport Owners (NARTO), Yusuf Othman made this known at the NARTO’s 22 AnnualGeneral Meeting in Abuja on Thursday.He however however lamented that the benefit from the increase has been wiped out by the hike in the price of diesel to N635 per litre.




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