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The IPMAN’s boss noted that fuel price will keep soaring if the dollar keeps rising in the forex market.

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 IPMAN confirms another fuel pump price hike.The IPMAN’s boss noted that fuel price will keep soaring if the dollar keeps rising in the forex market.He said: “Nigerians should understand that with fuel subsidy removal, the government is no longer determining pump prices but the market forces. The product is bought in dollars. The dollar is around 890/$1 now. As the dollar climbs, fuel pump prices will continue to go up. 

 

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