Price Of Diesel Jumps To N280, Inflation Will Rise

diesel pump price

The price of a litre of Automotive Gas Oil, also known as diesel, has risen to N280, buoyed by the recent increase in global oil prices and naira devaluation.

Akelicious had reported on February 24, 2021 that some filling stations in Lagos had increased diesel price to N250 per litre, while many others sold it at between N220-N245 per litre.

The global oil benchmark, Brent crude, which averaged $62.28 per barrel in February, stood at $75.10 per barrel as of 5:15pm Nigerian time on Monday.

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Our correspondent observed on Monday that the price of the product, which is not regulated by the government, ranged from N270 to N280 per litre in several filling stations in Lagos.

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