diesel

The average retail price of diesel in Nigeria skyrocketed by 64.58% year-on-year to N1,406.05/litre in August 2024, up from N854.32/litre in the same month last year. This surge is according to the National Bureau of Statistics' (NBS)…

The average retail price paid by consumers for Premium Motor Spirit (Petrol) for May 2024 was N769.62, indicating a 223.21 per cent increase compared to the value recorded in May 2023 (N238.11). These figures are contained in the latest…

The National Bureau of Statistics (NBS) on Thursday said the average retail price of Automotive Gas Oil (Diesel) paid by consumers increased by 59.51per cent on a year-on-year basis from a lower cost of N840.81 per litre recorded in March…

In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from N1200 to N1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced price of…

The National Bureau of Statistics (NBS) says the average retail price of a litre of diesel increased from N828.82 in January 2023 to N1153.01 in January 2024. NBS stated this in its Diesel Price Watch for January 2024 released in Abuja…

The retail price of Automotive Gas Oil otherwise called Diesel spiked by 37.76 percent in December, leaving consumers in economic uncertainties. The rise is a significant year-on-year escalation, pushing the product which was N817.86 per…

The manufacturing sector could be the worst hit by the foreign exchange crisis in the country and the recent implementation of a 7.5 per cent Value Added Tax on Automotive Gas Oil following disclosure by Oil marketers, on Monday that the…

The Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele, says Value Added Tax (VAT) should be suspended on Automotive Gas Oil (AGO) also known as diesel to cushion the biting economic effect of the removal…

Thirteen ships carrying various products are at Apapa and Tin-Can Island ports waiting to berth, the Nigerian Ports Authority (NPA)  said on Wednesday in Lagos. It said six of the vessels were laden with petrol while the remaining seven…

The Nigerian Ports Authority (NPA) is expecting 25 ships laden with petroleum products, foods and other goods from Sept. 11 to Sept. 30 at Apapa and Tin-Can Island Ports. NPA made this known in its daily publication ‘Shipping Position’…