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Dike Onwuamaeze There was palpable fear among members of the organised private sector yesterday over a spike in the price of Automotive Gas Oil, also known as diesel, which hit an all-time high of N290 per litre this week as against N280 per litre last week. Consequently, the Nigeria Employers’ Consultative Association (NECA), the Nigeria Economic Summit Group (NESG), the Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA), and the National Association of Small and Medium Enterprises (NASMEs) raised the alarm that the new price regime might trigger a corresponding increase in prices of goods and services, as most companies in Nigeria rely on diesel to power their factories.

Saudi arabiaUnited arab emiratesLagos stateTimothy olawaleOlaoye jaiyeolaAdams adebayoAyo olukanniNigeria employer consultative associationMedium enterprises msmesNational association of smallLagos state chapter of the nationalAutomotive gas oilMedium enterprises nasmesNigerian association of chamber commerceNigeria economic summit groupNigerian association