As oil marketing and trading companies hiked the price of diesel, citing the current scarcity of foreign exchange, concern has been raised on the long term sustainability of the new pump price of petrol. THISDAY checks revealed that marketers hide under the cover of deregulation to raise the price of diesel with most marketers selling at over N160 per litre at the depots at the weekend, while the pump price was over N180 per litre in some filling stations. Having been deregulated, the price of diesel is not under the control of the government as marketers sell according to the forces of demand and supply. However, the marketers have raised the price citing the scarcity of foreign exchange, thus fueling concern on the sustainability of the N145 per litre price of petrol. THISDAY’s market survey showed that a litre of diesel was sold for N165 at the Aiteo Depot; […]