Business
Nigerians to spend more as diesel crosses N500 per litre
The ex-depot price of diesel has crossed the N500 a litre mark, causing more discomfort for businesses who need diesel to power work activities and households.
Checks by newsmen show that fuel stations are now selling as high as N540 and N560 while others shut down diesel services since it is a deregulated market, unlike petrol that is regulated and price fixed by the government.
Mobil filling station, Ozumba Mbadiwe road, is now selling at N540 a litre while MRS along Alakija sells for N520.
Branches of Total Nigeria Plc, Ardova Plc along Lekki, Ikorodu, are not selling diesel as at this morning.
“It has happened, diesel has crossed N500 ex-depot,” a source said, raising an alarm.
For about a month, the scarcity of PMS caused by the importation of off-spec petrol has grounded activities, causing traffic gridlock as a result of long queues in Lagos, Abuja and other cities.
The price increase in diesel means that Nigerians will pay more for the commodity as they queue up at filling stations for fuel.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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