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Fuel Price Rises To ₦‎750.17 Per Litre – NBS - Politics - Nairaland 546j18

Fuel Price Rises To ₦‎750.17 Per Litre – NBS (8364 Views)

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treesun: 8:41pm On Jul 17, 2024
The national average retail price for Motor Spirit otherwise known as petrol increased year-on-year, YoY, by 37.44 percent to N750.17 per litre in June 2024 from N545.83 per litre recorded in the corresponding period of 2023.


On a month-on-month, MoM basis, the average retail price decreased by 2.53 per cent from N769.62 per litre in May 2024.


The National Bureau of Statistics, NBS, report on Motor Spirit,(Petrol) Price Watch for June 2024 disclosed that Benue State topped the price chart for the product at N864.55, followed by Jigawa and Rivers States with N847.00 and N810.00 respectively.

However, Lagos, Kwara and Ogun States emerged the states with the lowest retail price for the product at N626.94, N650.00 and N670.63 respectively. Lastly, the South-South zone had the highest average retail price of N794.64, while the South-West zone had the lowest price of N696.42

Meanwhile, the average retail price of Automotive Gas Oil, also known as diesel increased year-on-year, YoY, by 79.32 per cent to N1462.98 per litre in June 2024 from N815.83 recorded in June 2023.

On a month-on-month, MoM basis, an increase of 4.20 per cent was recorded from N1403.96 per litre in May 2024.

The report stated “Looking at the variations in the State prices, the top three States with the highest average price of the product in June 2024 include Niger State (N1979.23), Cross River State (N1920.86), and Taraba (N1742.46).

Furthermore, the top three lowest prices were recorded in the following State namely, Lagos State (N1210.77), Ogun State (N1239.17), and Abuja (N1240.00). The Zonal representation of the average price of Automotive Gas Oil (Diesel) shows that North East Zone has the highest price of N1659.07 while South West Zone has the lowest price of N1280.54 when compared with other Zones.

https://www.vanguardngr.com/2024/07/fuel-price-rises-to-n750-17-per-litre-nbs/

1 Like 1 Share

vanbonattel: 8:41pm On Jul 17, 2024
Not surprised. We have been buying fuel for #800 in Ogbomosho since May. But we will not protest against Tinubu. He is a very good president who have the best in heart for our people.

I will vote APC in 2027 even if fuel is #7,000. Tinubu till 2088,

NB. I am warning these northerners not to protest against our government, did we protest during Buharri regime? Please everyone should go about their lawful business, Tinubu is doing well.

57 Likes 6 Shares

trinnalar: 8:42pm On Jul 17, 2024
Overnight over 100% increase in 2023.

57 Likes

Brendaniel: 8:43pm On Jul 17, 2024
Tinubu
givedemwotowoto: 8:48pm On Jul 17, 2024
Tinubu will develop the economy

Shettima will fight insecurity

Dangote Diesel will crash Dollar

Binance is the one causing Dollar to rise

Bul@ba won the election!

Peter Obi didn’t win

🤡 🤡 🤡

91 Likes 2 Shares

saddler: 8:51pm On Jul 17, 2024
highchief1: 9:47pm On Jul 17, 2024
givedemwotowoto:
Tinubu will develop the economy

Shettima will fight insecurity

Dangote Diesel will crash Dollar

Binance is the one causing Dollar to rise

Bul@ba won the election!

Peter Obi didn’t win

🤡 🤡 🤡
how we waka.

1 Like

Natbrowny: 9:56pm On Jul 17, 2024
880naira since June.

1 thousand naira is the new 1naira. Useless asf

11 Likes

specialmati(m): 11:09pm On Jul 17, 2024
grin grin grin grin grin grin that's what happens when an agbero become the president .show me one agbero that reason well apart from stealing

60 Likes 2 Shares

Mahenson: 4:05am On Jul 18, 2024
Another great achievement of the Bola Ahmed Tinubu led government.

This is what happens when you elect an incompetent disaster to rule a great nation because of primordial sentiments.

Tinubu will handle economy
Shettima will handle security.

The entire Nation is now a mess and chaotic.

As disastrous and incompetent as the Buhari istration was, I never knew Buhari will be better than Tinubu.

28 Likes 1 Share

ZaddyJ: 4:06am On Jul 18, 2024
I bought mines for 750 at Taramed filling station two days ago along Imota road ikorodu . God is my witness

5 Likes

pejuakinab: 4:08am On Jul 18, 2024
They said he developed Lagos
To now develop Nigeria come be like nightmare.🤣

Nigeria na your mate?
Ulaba!!!

18 Likes 3 Shares

tiswell(m): 4:09am On Jul 18, 2024
Una nor dey sleep?

1 Like

Nwaotu10(m): 4:11am On Jul 18, 2024
I want dollars to be 2k grin

3 Likes

Nwaotu10(m): 4:12am On Jul 18, 2024
tiswell:
Una nor dey sleep?



Na keyboard warriors dem be grin

1 Like

Nahunger(m): 4:15am On Jul 18, 2024
cheesy

Nigeria is working 😂😂

APC, PDP, LP, MTN, CNN, LAPO, SDP, SDM, PRP all of Una wey be of the above, Una mind no go smell ground..

Market women and transportation go deal with una

1 Like

easytig(m): 4:16am On Jul 18, 2024
Where are those stupid northern leaders that sold arewa votes to tinubu in 2023.tinubu las las chop dem eyes,after buying them with money.

Can't wait for 2027 elections, lemme see if tinubu get mind do rally for any northern state sef,na stone dem go stone am .

18 Likes 1 Share

eduli: 4:17am On Jul 18, 2024
I tire Oo
gloryman91: 4:20am On Jul 18, 2024
vanbonattel:
Not surprised. We have been buying fuel for #800 in Ogbomosho since May. But we will not protest against Tinubu. He is a very good president who have the best in heart for our people.

I will vote APC in 2027 even if fuel is #7,000. Tinubu till 2088,

NB. I am warning these northerners not to protest against our government, did we protest during Buharri regime? Please everyone should go about their lawful business, Tinubu is doing well.


Olorun Sanu Wa o 😁

1 Like

MaziObinnaokija: 4:21am On Jul 18, 2024
angry
Bullet01(f): 4:26am On Jul 18, 2024
Not new. Nothing strange anymore. It's a bulaba government so we are used to it

5 Likes

InvertedHammer: 4:32am On Jul 18, 2024
Lastly, the South-South zone had the highest average retail price of N794.64, while the South-West zone had the lowest price of N696.42

/
No comments on South-South zone grin

/

11 Likes

Kurumaru: 4:32am On Jul 18, 2024
Awalokan

1 Like

DatNiggaDaz: 4:34am On Jul 18, 2024
grin grin

Bulaba grin

11 Likes 1 Share

nairalanda1(m): 4:35am On Jul 18, 2024
easytig:
Where are those stupid northern leaders that sold arewa votes to tinubu in 2023.tinubu las las chop dem eyes,after buying them with money.

Can't wait for 2027 elections, lemme see if tinubu get mind do rally for any northern state sef,na stone dem go stone am .



The truth is, if Obi won, fuel would be expensive now.

As at May 29 , 2003, NIgeria was using 99% of its revenue to service debt. Any money that would have been used to keep fuel below N300 or even below N200 would have had to come from taking more loans and more loans. Something had to give, and unfortunately it was the subsidy.

I am not here to say that tinubu is doing the right thing, especially since he has brought back subsidy since October 2023, otherwise fuel would have been over 1000 naira as it should be, and I am not here to say that APC knows better , but the fact is, we were in a position where we could no longer afford subsidy at the rate we were doing then.


Even now, we cannot afford subsidy.


All I would say is...in 2012, we had the last chance to be rid of subsidy. But most of you agreed ironically with Tinubu that it should remain....and here we are.


If we want more working refineries and more jobs in the petrol sector, we have to have fuel sold at market price. It is not a popular message. Yes, I am just as angry with the government , and yes, APC Has failed, and yes, Tinubu is not the best president we have had.

But right now, we are not earning enough money to pay for cheap stuff anymore. And it is very very painful






Calling me a tinubu er or a IMF Lackey does not change the sad fact.

3 Likes

whodoesthat: 4:43am On Jul 18, 2024
vanbonattel:
Not surprised. We have been buying fuel for #800 in Ogbomosho since May. But we will not protest against Tinubu. He is a very good president who have the best in heart for our people.

I will vote APC in 2027 even if fuel is #7,000. Tinubu till 2088,

NB. I am warning these northerners not to protest against our government, did we protest during Buharri regime? Please everyone should go about their lawful business, Tinubu is doing well.

Sycophants everywhere!
maxkia(m): 4:43am On Jul 18, 2024
tiswell:
Una nor dey sleep?



You self Dey comment while sleeping?
SolarEngr2(m): 4:58am On Jul 18, 2024
The only thing you should need fuel for is to get your vehicle going.

Because, everyone knows, Solar solutions is the real deal when talking about generating Electricity.


https://www.youtube.com/watch?v=l2-IQKPRssk?si=cgaU2FPxREpKDD72

What can a 3KVA SOLAR INVERTER SYSTEM power?

1 Like

sweetonugbu: 5:01am On Jul 18, 2024
na so
atobs4real(m): 5:04am On Jul 18, 2024
Hunger tripple loading
atobs4real(m): 5:06am On Jul 18, 2024
Hunger tripple loading.
Why did this man removed the subsidy?
He should have resumed office and study well before announcing the evil removal of subsidy

7 Likes

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