Fuel marketers raise diesel price to N265 per litre
Against the backdrop of the recent rise in global oil prices, some fuel marketers have increased the price of Automotive Gas Oil, also known as diesel, to a new high of N265 per litre. The PUNCH had reported on February 24 that diesel price rose to a high of N250 per litre, with businesses taking a beating on the back of rising energy costs. Our correspondent observed on Sunday that some filling stations in Lagos State were selling the product for between N248 and N265 per litre while some put the price at between N220 and N245 per litre. Mobil filling station along the Lagos-Ibadan Expressway and Nipco at Fadeyi axis of Ikorodu Road increased the pump price of diesel to N265 per litre; while Forte Oil at Onipanu sold it for N255 per litre. The National Bureau of Statistics, in its latest AGO price watch report, said the average price paid by consumers for diesel increased by 1.29 per cent to N227.76 in February from to N224.86 in January. “States with the highest average price of diesel were Zamfara (N268.78), Adamawa (N263.33) and Kebbi (N257.50). States with the lowest average price of diesel were Osun (N206.50), Ekiti (N207.86) and Plateau (N208.57),” it said.
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