Fuel marketers raise diesel price to N265 per litre

Gasoline entrepreneurs within the nation have elevated the worth of Automotive Fuel Oil often known as diesel, to N265 per litre.


The value of diesel first rose to a brand new excessive of N250 per litre on February 24, with companies taking a beating on the again of rising vitality prices.


Punch reported that some filling stations in Lagos State have been promoting the product for between N248 and N265 per litre on Sunday March 21, whereas some positioned the worth between N220 and N245 per litre.


It was learnt that Mobil filling station alongside the Lagos-Ibadan Expressway and Nipco at Fadeyi axis of Ikorodu Highway elevated the pump worth of diesel to N265 per litre; whereas Forte Oil at Onipanu bought it for N255 per litre.


The Nationwide Bureau of Statistics in its newest AGO worth watch report, additionally stated the common worth paid by shoppers for diesel elevated by 1.29 per cent to N227.76 in February from to N224.86 in January.


The report learn; 


“States with the very best common worth of diesel have been Zamfara (N268.78), Adamawa (N263.33) and Kebbi (N257.50). States with the bottom common worth of diesel have been Osun (N206.50), Ekiti (N207.86) and Plateau (N208.57).”


Nationwide Operations Controller of the Impartial Petroleum Entrepreneurs Affiliation of Nigeria, Mr Mike Osatuyi who commented on the event stated the costs of diesel and kerosene had been elevated due to the rise in crude oil costs.


He stated; 


“Entrepreneurs are importing diesel as a result of it has been deregulated and the pump worth is predicated on the present crude oil costs. We get international change from the black market to import the product.”



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