Diesel Pump Price Hits High Price Per Litre (See New Price)

Diesel Pump Price Hits High Price Per Litre (See New Price)

Onyxnewsng reports that the pump price of diesel has hit a record high of N800 per litre as businesses in Nigeria continue to suffer harsh economic repercussions of the sudden spike.

Findings from a survey conducted on Monday, shows that, while most stations now charged between N600 and N700 per litre, some filling stations sold at N800 per litre as at Monday.

“We sold at N810 this evening to some of our customers in Abuja,” a private diesel supplier said. Official rate is N600 but marketers have started hoarding the products because they won’t be able to stock again at the same rate.”

Pure Water Producers Announce New Price Of Product, See New Price

Some filling stations, including Amash in Nasarawa, was selling diesel at N800 per litre, while filling stations in Lagos showed that retailers were selling between N640 and N700 per litre.

Eso filling station in Ogijo, Ikorodu, sold at N700 per litre on Monday, Rain Oil situated around Ojodu Berger axis of Lagos followed closely with a pump price of N650 per litre, with Bovas and Yerevan selling at N640 per litre.

Some marketers have avoided displaying the pump price at their outlets to avoid being sanctioned by federal regulators.