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In Bid to End Fuel Shortage, Nigeria Hikes Price Nearly 70 Percent

For months, a gasoline shortage has left Nigerian drivers waiting in hours-long lines to fill their tanks.  A planned, nearly 70 percent price hike may help keep the pumps flowing, but could spill over into other parts of the economy. Under a new price regimen announced this week by the petroleum ministry, the government will encourage Nigeria’s gasoline importers to boost their supply and end the shortages, which have sent lines snaking out of gas stations across the country,...

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