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Diesel Price Skyrockets To N625 Per Litre

Diesel Price Skyrockets To N625 Per Litre

The price of automotive gas oil, also known as diesel, has skyrocketed across the country with some filling stations now selling at N625 per liter.

According to TheCable, this is four percent higher than the N540/liter it sold last week — and about a 30 percent increase in the two weeks.

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The development is coming amid fears that the United States and its European allies will ban imports of Russian crude.

It would be recalled that on Monday, March 7, global oil prices hit their highest level since 2008 at over $130 a barrel before pulling back to trade around $120 a barrel.

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Diesel Price Skyrockets To N625 Per Litre

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