The Federal Government confirmed on Thursday night, through the fuel pricing regulator Petroleum Products Pricing Regulatory Agency (PPPRA), that a liter of fuel will now be sold for prices ranging from N209 to N212 per liter in March. This is in contrast to the N186, which was retailed for in February. According to the PPPRA, petrol’s landing cost in March will be N189.61 per liter, up from N163.74 in February.
How does this affect you? For a society primarily dependent on petroleum, inflation is imminent in the cost of feeding, business, transport, to mention but a few.
Variable costs can hamper your profits and affect your projections. However, electricity cost is one less thing you have to worry about when you are guaranteed electricity supply from the sun.
At Arnergy, we implement reliable, disruptive energy solutions that provide affordable and scalable energy storage to rural and emerging markets.
For more information, visit www.arnergy.com or call us on 07002288888