[EXCLUSIVE] Diesel price in Nigeria hits N280 per litre
The price of a litre of Automotive Gas Oil, popularly known as diesel, has risen to as high as N280 in Lagos, Nigeria’s commercial capital.
Markets Reporters observed on Saturday that the price of the product, which is not regulated by the government, ranged from N265 to N280 per litre in many filling stations in Lagos.
Mobil, Capital Oil and Gas as well as Oando filling stations, all along the Lagos-Ibadan Expressway, sold the product for N280, N275.5 and N275 per litre on Saturday, while NNPC station, along Alfred Rewane Road, Ikoyi, sold it for N267.50 per litre.
The hike in diesel prices is partly due to the recent rise in crude oil prices. The global oil price benchmark, Brent crude, which hit $70 per barrel earlier this month, closed at $73.51 per barrel on Friday.
