The price of petrol and diesel is projected to further increase by about 5% and 4% per litre respectively at the pumps in the coming days.
This results from international market dynamics and poor performance of the local currency.
According to the Institute for Energy Security, Liquified Petroleum Gas (LPG) on the other hand could see users enjoy some price cuts by about 8% in the coming days.
The IES further said the national policy changes and directives from the National Petroleum Authority (NPA) have affected the local market in the last pricing period and its likely to continue in the second half of April 2024 as some Oil Marketing Companies attempt to incorporate the new changes to their operations.
