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Job Losses Loom As Diesel Price Rises To N320/litre

Job Losses Loom As Diesel Price Rises To N320/litre     Fuel marketers have increased the price of Automotive Gas Oil, also known as diesel, to N320 per litre as the further rise in global oil prices and naira depreciation pushed up the cost of importing fuel...

Expected Petrol Pump Price Down To N114.53 Per Litre

Expected Petrol Pump Price Down To N114.53 Per Litre   The expected open market price of Premium Motor Spirit, popularly known as petrol, has dropped to N114.53 per litre, N30.47 lower than the approved pump price of the product. The Economic Confidential reported on March 2, 2020...

NNPC Spends Estimated N33.60 Per Litre To Subsidize Petrol

NNPC Spends Estimated N33.60 Per Litre To Subsidize Petrol   Yesterday, news filtered into the mainstream media that the Federal government spent a whooping sum of N650.1bn (US$1.8bn) in subsidizing petrol consumption between April 2018 and March 2019. According to the media sources, the statistics were...

Businesses Groan As Diesel Hits N250 Per Litre

Businesses Groan As Diesel Hits N250 Per Litre The price of Automotive Gas Oil, also known as diesel, has risen to a high of N250 per litre, with businesses taking a beating on the back of rising energy costs. Many businesses in the country rely heavily...