Nigeria’s oil and gas industry stakeholders have commended President Bola Tinubu over his administration’s economic policies, attributing the recent reduction in price of diesel to the gains of the policies. According to them, the president’s fuel subsidy removal and unification of various foreign exchange rates which initially signposted econ...
•Dangote refinery The Dangote Petroleum Refinery has listened to the calls of oil marketers as regards the reduction in the price of Automotive Gas Oil, popularly called diesel. Yesterday, the refinery announced a reduction in the price of diesel from N1,200/litre to N1,000/litre, a development that triggered excitement among operators in the ...
•Dangote As the Nigerian National Petroleum Company, NNPC Limited, moves to end petrol scarcity in Lagos and its environs, Dangote Refinery and oil marketers have intensified efforts at taking final decisions on pricing and delivery of petrol to filling stations nationwide. Dangote Refinery, which can refine 650,000 barrels per day, bpd of cru...
•Kerosene queue Poor Nigerians will have to pay more to get their meals cooked, as the rise in inflation rate to 31.70 per cent in February, has led to an equal increase in price of Household Kerosene (HHK), to N1,340 per litre. Data from a newly released report, ‘National Household Kerosene Price Watch’ for February […]
•National Bureau of Statistics complex The National Bureau of Statistics says the retail price of a litre of diesel increased from N836.91 in February 2023 to N1,257.06 in February 2024. The statistics office stated this in its latest Diesel Price Watch for February 2024 released in Abuja today. It stated that the February 2024 price […...
Some gas dealers and FCT residents have decried the surge in the price of Liquefied Petroleum Gas (LPG), known as cooking gas, calling on the federal government to wade into the issue. The dealers and residents yesterday in Abuja expressed dissatisfaction over the constant rise in the price of the product and its attendant effects, […]
Road contractors are in for a tough time as the price of bitumen, a major component used in the production of asphalt, soared by 150 percent within a period of seven months, between August 2023 and March 2024. Investigation by this paper showed that 20 tons of bitumen, which was sold at N854,375 in August […]
The National Bureau of Statistics (NBS) has reported that the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 3.55 percent on a month-on-month basis to N5,139.25 in January 2024 from N4,962.87 recorded in December 2023. The NBS report said that on a year-on-year basis, the price increased...
•Meat The National Butchers Association, Oyo State chapter has announced an increase in the price of meat, effective today. This, the association attributed to the high cost of transportation and other rising running costs, reports Nigerian Tribune. Chairman of the association in the state, Mr Wahab Olayiwola made this known during a prayer se...
•Bags of rice The average price of 1kg of local rice sold loose jumped by a whopping 98 per cent in one year, according to data obtained from the Nigerian Bureau of Statistics (NBS). The report ‘Selected Food Prices Watch (January 2024)’, said the rise indicated a rise of 98 per cents in price on […]