The Kwara Chamber of Commerce, Industry, Mines and Agriculture (KWACCIMA) has described the hike in price of diesel as worrisome.
The chamber noted that a situation where diesel is dispensed at N750 per litre in the face of the nation’s epileptic power supply and collapse of the National grid called for concern.
In a statement by KWACCIMA President, Mr Olalekan Ayodimeji, said while industries were ailing and businesses groaning in silence, consumers are confronted with the dilemma of hyperinflation and low purchasing power.
It said business owners and entrepreneurs now struggle to survive under harsh business environment .
The statement lamented the rising cost of diesel and kerosene in the wake of the ongoing war between Russia and Ukraine, adding that it was time for governmemt to be proactive in cushioning the adverse effects of the development.
The statement appealed to government to urgently hold a critical session with business leaders to brainstorm on ways to ameliorate the challenges arising from the Russia-Ukraine crisis.
The statement urged the end-users and consumers to show understanding and bear with producers and sellers of goods and commodities on price consequences.
ALI MUHAMMAD RABIU
