Average Diesel Prices Soar by 50% in One Year – NBS According to the National Bureau of Statistics (NBS), the average price of automotive gas oil (Diesel) paid by consumers jumping 50% over the past year, from N836.91 per litre in February 2023 to N1,257.06...

Diesel Sold at N1,153 Per Litre in January 2024 – NBS The National Bureau of Statistics (NBS) says the average retail price of a litre of diesel increased from N828.82 in January 2023 to N1,153.01 in January 2024. NBS stated this in its Diesel Price Watch...

7.5% VAT On Diesel May Disrupt Fuel Supply, Says NARTO   The Nigerian Association of Road Transport Owners (NARTO) on Tuesday, called on the Federal Government to stop the 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly known as diesel. NARTO said the halt...

Shift From Diesel To Gas, NMDPRA Urges Stakeholders   The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has urged its stakeholders across the country to shift from the use of AGO (diesel) to gas which has low maintenance, is cost effective, and gives a pollution...

Telecom Base Stations Fuel Cost Now N400bn - NBS   The cost of powering telecommunication services has hit N33.47bn per month following a 55.16 per cent year-on-year increase in the cost of diesel. According to the National Bureau of Statistics, the cost of diesel rose to N836.81...

Cooking Gas Price Hits 105% In 12 Months   The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 105 per cent within the last twelve months. This follows an increase from N2200 in August 2021 to N4500 in August...