In August 2023, the average retail price of Automotive Gas Oil (Diesel) experienced noteworthy changes both on a year-on-year and month-on-month basis.
Effective today, Saturday, August 12, diesel prices will hit N867 per litre in Lagos state and N875 in the Southwest region. This is according to information seen by Nairametrics from industry sources familiar with the matter.
The Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele, has advocated for the suspension of Value Added Tax (VAT) on Automotive Gas Oil (AGO) otherwise known as diesel.
Markets around the world are showing early signs of weaker industrial activity and flashing recession signs.
MAN has asked the federal government to issue its members licenses to import diesel from neighbouring countries...
Higher inflation means price increases for energy products are alarming and present significant challenges to Nigerian households and businesses.
The cost of diesel will hit the roof if nothing drastic is done to curtail the current challenge faced by importers and marketers...
Crude oil price rose to over $121 per barrel on Monday evening as the increasing price of diesel persists in Nigeria...
The high cost of diesel which is impacting negatively on the manufacturing sector in Nigeria is set to push Nigeria’s inflation for Q2 around the 16% rate.
Energy price spikes have only become more alarming in the past few weeks and the future cannot always be predicted with infallibility.
The world may face a global shortage of diesel due to the ongoing sanctions on Russia, which is expected to affect poorer nations...
Given the ubiquitous demand for diesel in all aspects of Nigeria’s economy, a diesel supply shortfall has the potential to be far more catastrophic.
