Diesel price in Nigeria is above N1000 per liter, according to a September 19 Nairametrics review.
The review findings have unveiled the prevailing purchase range of diesel at the pump for Nigerians, fluctuating between N980 to N1150 per liter.
This price escalation has triggered an uptick in haulage transportation, a concern underscored by Benneth Korie, the President of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA).
Korie emphasized the detrimental effects of the escalating diesel prices on the industry, citing challenges in loan accessibility and product procurement faced by suppliers, which have compounded the prevailing situation.
Notable diesel price drivers
The surge in diesel prices in Nigeria stems from a multifaceted interplay of factors.
