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Manufacturers groan as diesel price hits N1,300/litre

Manufacturers have expressed concerns as the price of diesel has risen to N1,275 per litre in Lagos and above N1,300 outside the state, Daily Trust can report. The product is selling for N1, 270 per litre in Kano State and above that outside the metropolis.  This implies a 26 percent increase in the price of… ....

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Manufacturers Groan As Diesel Price Hits N1,300/Litre

Manufacturers Groan As Diesel Price Hits N1,300/Litre
naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.

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Fuel price hike looms as crude oil hits $71 per barrel


TODAY
March 9, 2021
There will be more money for the 2021 budget implementation as the crude oil price on Monday hit $71/ barrel which doubles the $30 benchmark.
But the spike in crude oil price implies that Nigerians will pay more for a litre of petrol as the landing cost will also rise, experts have said.
Brent crude on Monday rose above $70 a barrel for the first time since the COVID-19 pandemic began; while U.S. crude touched its highest in more than two years following reports of attacks on Saudi Arabian oil facilities.
Yemen’s Houthi forces had fired drones and missiles at the heart of Saudi Arabia’s oil industry on Sunday, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports in what Riyadh called a failed assault on global energy security. ....

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