The Federal Government has approved a 25 percent increase in freight rate for petroleum products, raising it from N9.5 per litre to N11.87/litre.
According to a statement by the National President of the Nigerian Association of Road Transport Owners (NARTO), Alhaji Yusuf Othman, he confirmed the 25% increment in petroleum products but revealed that the increment isn’t noticed because of the price of disel.
He, however, added that the association believes that the increment would have an impact in their business in the nearest future but noted that they would return to the government if the situation worsen.
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