Fuel Price Increase 2024 Wenda Josefina N220 to n617. 16. “. 2024. n898 to n1,030. history of fuel price increase in nigeria from 1973 to 2024. abdulbasit toriola. abdulbasit toriola is an emerging voice in nigerian cultural commentary and social analysis. from his corner in lagos, he documents nigerian history, current affairs, and explores the extraordinary journeys of nigerians. The ministry of trade and regional development has announced an adjustment to the retail prices of fuel products, which will take effect from october 09, 2024, at 06:00 a.m. the price changes are part of a broader macroeconomic reform effort, including a restructuring of the foreign exchange management system, first implemented in late july.
Fuel Price Increase 2024 Wenda Josefina Diesel fuel is often more expensive than gasoline and has been more expensive almost continuously since 2004. the demand for diesel is still relatively high, being a primary energy source for barges, trains, trucks and boats. expectations hold that diesel prices will decline in 2024, providing relief across many industries and for homeowners. When biden took office in january 2021, gas prices were an average of $2.4 per gallon across the country, according to historical data from the u.s. energy information administration (eia). by. In other words, gas costing $3.34 in the year 2019 would cost $4.36 in 2024 for an equivalent purchase. compared to the overall inflation rate of 4.13% during this same period, inflation for gas was higher. in the year 2019: pricing changed by 3.57%, which is significantly below the average yearly change for gas during the 2019 2024 time period. The average price of gasoline fell 15.3% in the 12 months ending september as compared to the annual decrease of 10.3% in august, according to the most recent inflation data published october 10, 2024, by the u.s. labor department’s bureau of labor statistics (bls). gasoline is an important category reported within the bls’s monthly report.
Fuel Price Increase 2024 Wenda Josefina In other words, gas costing $3.34 in the year 2019 would cost $4.36 in 2024 for an equivalent purchase. compared to the overall inflation rate of 4.13% during this same period, inflation for gas was higher. in the year 2019: pricing changed by 3.57%, which is significantly below the average yearly change for gas during the 2019 2024 time period. The average price of gasoline fell 15.3% in the 12 months ending september as compared to the annual decrease of 10.3% in august, according to the most recent inflation data published october 10, 2024, by the u.s. labor department’s bureau of labor statistics (bls). gasoline is an important category reported within the bls’s monthly report. Explore the historical prices of petroleum products offered by ceypetco, ceylon petroleum corporation. The data suggests a potential increase of 71c l for 95 grade petrol and 68c l for 93 grade unleaded petrol. increases in diesel prices are also on the cards with the price of diesel 0.05% potentially increasing by around 69c l while diesel 0.005% could see an increase of around 65c l. we’ll update this article as soon as official fuel price.
Comments are closed.