Nilepet raises fuel prices


Photo Credit: gurtong.net
Photo Credit: gurtong.net

The state oil firm Nilepet, has increased fuel prices by more than three times due to the devaluation of the South Sudanese Pounds.

A litter of fuel that was selling at six pounds will now be sold at 22 at the petrol stations.

The Director General of Downstream, Dr Chol Abel, says the move is in response to the decision of the central bank to raise the rate of the dollar against the pound.

In a public statement, Dr Chol says the wholesale price of a litter is 20 while the depot rate is 21.

http://eyeradio.org/currency-crisis-nilepet-raises-fuel-prices/

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