Petrol price shock: Marketers say they can’t raise money to buy products 

Share

Oil marketers are lamenting that the recent increase in the price of petrol is negatively affecting their businesses as they are now struggling to raise enough money to buy products.


They said many of them are running out of capital to replenish their stock, and as such, some of the marketers are combining their resources to buy petroleum products.


The marketers admitted that consumption had reduced drastically due to increased price of petrol, with demand noticeably slower compared to December.

Read more

Local News