Fuel Hike: Impact on business, goods, services will be severe – LCCI warns …C0NTINUE READING HERE >>>
The Lagos Chamber of Commerce and Industry, LCCI has said 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 in a statement on Wednesday that the development would lead to increase in price of everything in the market, stressing that the impact on business would be very severe.
She noted that the official price of petrol, now at N855, was a clear indication…
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