What is the current diesel price in Nigeria?

What is the current diesel price in Nigeria?

Consumers in this State paid on average 225.73 Nigerian naira (NGN) per liter, around 0.54 U.S. dollar. Moreover, the price of diesel in Kano was 224.29 NGN, also about 0.54 U.S. dollar, the second lowest price in Nigeria….

Characteristic Average price in Nigerian naira
Yobe 216.67

How much is diesel now per litre?

For comparison, the average price of diesel in the world for this period is 1.41 U.K. Pound Sterling….United Kingdom Diesel prices, 02-May-2022.

United Kingdom Diesel prices Litre Gallon
USD 2.216 8.388
EUR 2.109 7.983

How much is a litre of diesel in Lagos Nigeria?

In January 2022, the average price of diesel paid by consumers in Nigeria was 288.09 Nigerian naira (NGN), roughly 0.69 U.S. dollars, per liter.

How much is fuel in Abuja today?

Abuja Gasoline prices, litre The average value for Abuja during that period was 168.58 Nigerian Naira with a minimum of 167.26 Nigerian Naira on 17-Jan-2022 and a maximum of 171.95 Nigerian Naira on 04-Apr-2022. For comparison, the average price of gasoline in the world for this period is 768.12 Nigerian Naira.

How much is fuel per liter in Nigeria today?

Moreover, on average, consumers in Adamawa paid 159.89 NGN per liter, also about 0.39 U.S. dollars, for gasoline. Borno followed with 155.82 NGN per liter, corresponding to 0.38 U.S. dollars….

Characteristic Average price in Nigerian naira per liter
Borno 155.82

What is bulk user for diesel?

Bulk user means a person who maintains storage facilities for motor fuel and uses part or all of the stored fuel to operate a highway vehicle, watercraft, or aircraft.

How much Bangalore diesel rate?

Rs. 94.79 per Litre
The diesel price today in Bangalore (Karnataka) is Rs. 94.79 per Litre.

Why is diesel so much more expensive than petrol?

Diesel is also used as a heating fuel in some countries, meaning there is greater competition for supplies, leading to higher wholesale prices. According to the RAC’s Fuel Watch service, the wholesale price of diesel is currently around 81p per litre, compared to 67p per litre for petrol.

Why is diesel more expensive than petrol?

Why is diesel more expensive than petrol? Although diesel and petrol are taxed the same by the Treasury, historically diesel has been more expensive than petrol, as domestic refineries have struggled to meet demand. This has forced the UK to import diesel from other countries at a greater rate than petrol.

Why is the price of diesel so high in Nigeria?

Lacking local refineries, Nigeria imports refined products at prices that become more expensive with events like the Russia-Ukraine war. Unlike petrol, the Nigerian government does not subsidize diesel imports. As such, the pump price may yet go higher as the war in Europe continues to affect global markets.

Why is diesel expensive?

Diesel Costs Affect The Price of Everything Even, ironically, gas-powered cars and electric vehicles. Parts are shipped to the factories that build them on trains and trucks that run on diesel. Even the destination charge automakers tack onto every car has been rising due to diesel price increases.

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