BREAKING: Diesel price rises to N867 per liter in Lagos, N875 in SW

Effective today, Saturday, August 12, diesel prices will hit N867 per litre in Lagos state and N875 in the Southwest region.

This is according to information seen by Nairametrics from industry sources familiar with the matter.
 

Why the increase

Diesel prices are skyrocketing despite being deregulated before the fuel subsidy removal because ex-depot prices are increasing. This week, sources told Nairametrics that ex-depot prices for diesel at the Apapa port now range between N790-N820 per litre. 

Recent trajectory in ex-depot price change

 Meanwhile, in an industry data sheet recently shared by the Major Oil Marketers Association of Nigeria (MOMAN), ex-depot prices for diesel at the Apapa port were;