Abuja, the capital city of Nigeria, is a bustling hub of economic activities, where fuel prices significantly impact daily life and business operations. Diesel holds a crucial place due to its extensive use in generators, transportation, and industrial machinery. The diesel price in Abuja is N1,200 at Deroll Synergy Oil and Gas Ltd as of first week of September 2024. Note: Diesel price in Nigeria is 1,240 per litre on average.
Let’s explore the diesel price in Abuja today, focusing on current rates, influencing factors, and what it means for consumers and businesses alike.
Current Diesel Price in Abuja Today
The diesel price in Abuja today is N1,200 per liter at Deroll Synergy Oil and Gas Ltd (However, the average diesel price in Abuja Today is N1, 240). This rate is reflective of the ongoing economic conditions and the dynamics within the global oil market. Staying informed about the diesel price in Abuja today is essential for budgeting, especially for businesses reliant on diesel fuel.
Factors Influencing Diesel Prices in Abuja Today
Several factors contribute to the diesel price in Abuja today. Understanding these factors can provide insights into why prices fluctuate and how they might change in the future.
Global Oil Prices
Global crude oil prices are a primary determinant of diesel prices worldwide. Changes in oil production, geopolitical tensions, and market demand directly affect the diesel price in Abuja today. For instance, a surge in global oil prices often leads to an increase in local diesel prices.
Exchange Rates
The exchange rate between the Nigerian Naira and the US Dollar plays a significant role in determining the diesel price in Abuja today. Since oil transactions are typically conducted in dollars, a weaker Naira can lead to higher diesel costs.
Local Taxes and Levies
Government-imposed taxes and levies also impact the diesel price in Abuja today. Policies aimed at regulating the fuel market, funding infrastructure projects, or subsidizing other energy forms can result in price adjustments.
Impact of Diesel Price in Abuja Today on Businesses
The diesel price in Abuja today has far-reaching implications for various sectors. Here’s a look at how different industries are affected:
Transportation
The transportation sector heavily relies on diesel for fueling trucks, buses, and other commercial vehicles. An increase in the diesel price in Abuja translates to higher operational costs, which can lead to increased fares and freight charges.
Manufacturing and Industry
Industries use diesel to power machinery and generators, especially in areas with unreliable electricity supply. The current diesel price in Abuja means higher production costs, which can affect the pricing of goods and services.
Agriculture
Farmers use diesel-powered equipment for irrigation, plowing, and transportation of produce. The diesel price in Abuja today influences the cost of agricultural operations, impacting food prices and the overall cost of farming.
#Diesel Fuel Price is N1,200 per litre at Deroll Synergy Oil and Gas Ltd as of the first week of September 2024
Consumer Response to Diesel Price in Abuja Today
Consumers often bear the brunt of rising fuel prices. Here’s how individuals and households might respond to the diesel price in Abuja today:
Energy Efficiency
In response to the diesel price in Abuja today, many consumers may seek ways to enhance energy efficiency. This includes using fuel-efficient vehicles, maintaining generators properly, and adopting energy-saving practices at home and in businesses.
Alternative Energy Sources
The high diesel price in Abuja today might prompt a shift towards alternative energy sources. Solar power, for instance, is becoming increasingly popular as a cost-effective and sustainable energy solution.
Reduced Consumption
Some consumers might reduce their diesel consumption by cutting back on non-essential travel, optimizing generator usage, and exploring public transportation options to mitigate the impact of the diesel price in Abuja today.
#Diesel fuel Price in Abuja Today is N1,200 per litre at Deroll Synergy Oil and Gas Ltd as of the first week of September 2024
Forecasting Diesel Price Trends in Abuja
Predicting the diesel price in Abuja today and in the future involves analyzing various economic indicators and market trends. While it’s challenging to provide precise forecasts, certain patterns can be observed:
Seasonal Variations
Diesel prices often exhibit seasonal variations due to changes in demand. For instance, prices might increase during the dry season when demand for agricultural and construction activities is high.
Policy Changes
Government policies related to fuel subsidies, taxation, and import regulations can significantly influence the diesel price in Abuja today. Keeping an eye on policy announcements can provide clues about future price movements.
Global Market Dynamics
Global market dynamics, such as changes in oil production levels by major exporters or shifts in international trade agreements, can affect the diesel price in Abuja today. Staying informed about global oil market trends is crucial for anticipating price changes.
#Diesel Fuel Price in Abuja Today is N1,200 per litre at Deroll Synergy Oil and Gas Ltd as of first week of September 2024
The Average Diesel Price in Nigeria Today
Diesel fuel prices in Nigeria today is N1,200 at Deroll Synergy Oil and Gas Ltd Abuja as of first week of September 2024);
States in Nigeria | Diesel Fuel Prices in Nigeria 2024 (on Average) |
Abuja | N1,200 @ Deroll Synergy. |
Abia | 1,335.46 |
Adamawa | 1,657.50 |
Anambra | 1,357.05 |
Akwa Ibom | 1,650 |
Benue | 1,375 |
Bayelsa | 1,618.18 |
Borno | 1,652.61 |
Cross River | 1,920.86 |
Delta | 1,707.14 |
Ebonyi | 1,325.83 |
Edo | 1,537.50 |
Ekiti | 1,306.67 |
Enugu | 1,474.90 |
Gombe | 1,595.00 |
Imo | 1,450.97 |
Jigawa | 1,281.82 |
Kaduna | 1,521.43 |
Kano | 1,253.33 |
Katsina | 1,442.22 |
Kebbi | 1,340 |
Kogi | 1,296.40 |
Kwara | 1,345.71 |
Lagos | 1,210.77 |
Nasarawa | 1,448.50 |
Niger | 1,179.23 |
Ogun | 1,239.17 |
Ondo | 1,356.67 |
Osun | 1,290 |
Oyo | 1,280 |
Plateau | 1,450 |
Rivers | 1,433.33 |
Sokoto | 1,487.50 |
Taraba | 1,742.46 |
Yobe | 1,637.25 |
Bauchi | 1,669.63 |
Zamfara | 1,250 |
Diesel Price in Nigeria is N1,462.98 in average across the 36 states and FCT Abuja.
#Diesel Fuel Price in Abuja Today is N1,200 per litre at Deroll Synergy Oil and Gas Ltd as of the first week of September 2024
Conclusion: Navigating the Diesel Price in Abuja Today
The diesel price in Abuja today is N1,200 per liter at Deroll Synergy Oil and Gas Ltd, reflecting a complex interplay of global and local factors. For businesses and consumers alike, understanding these dynamics is essential for effective planning and budgeting. By staying informed and adopting strategies to mitigate the impact of fuel price fluctuations, individuals and organizations can navigate the challenges posed by the diesel price in Abuja today more effectively.
Whether you are a business owner, a farmer, or a daily commuter, keeping track of the diesel price in Abuja today is crucial. This knowledge not only helps in managing current expenses but also aids in planning for future financial decisions. With the right strategies and a proactive approach, you can minimize the adverse effects of diesel price fluctuations and ensure smoother operations in your daily life and business activities.
Diesel fuel price is N1,200 @ Deroll Synergy.
The Average Diesel Fuel Prices in Nigeria Today
| States in Nigeria | Diesel Fuel Prices in Nigeria 2024 (on Average) |
| Abuja | 1,240 (N1,200 @ Deroll Synergy) |
| Abia | 1,335.46 |
| Adamawa | 1,657.50 |
| Anambra | 1,357.05 |
| Akwa Ibom | 1,650 |
| Benue | 1,375 |
| Bayelsa | 1,618.18 |
| Borno | 1,652.61 |
| Cross River | 1,920.86 |
| Delta | 1,707.14 |
| Ebonyi | 1,325.83 |
| Edo | 1,537.50 |
| Ekiti | 1,306.67 |
| Enugu | 1,474.90 |
| Gombe | 1,595.00 |
| Imo | 1,450.97 |
| Jigawa | 1,281.82 |
| Kaduna | 1,521.43 |
| Kano | 1,253.33 |
| Katsina | 1,442.22 |
| Kebbi | 1,340 |
| Kogi | 1,296.40 |
| Kwara | 1,345.71 |
| Lagos | 1,210.77 |
| Nasarawa | 1,448.50 |
| Niger | 1,179.23 |
| Ogun | 1,239.17 |
| Ondo | 1,356.67 |
| Osun | 1,290 |
| Oyo | 1,280 |
| Plateau | 1,450 |
| Rivers | 1,433.33 |
| Sokoto | 1,487.50 |
| Taraba | 1,742.46 |
| Yobe | 1,637.25 |
| Bauchi | 1,669.63 |
| Zamfara | 1,250 |
Diesel fuel price is N1,200 @ Deroll Synergy.
The average diesel price in Nigeria currently stands at N1,230 per liter. However, according to Deroll Synergy, the diesel price in Abuja is slightly lower, at N1,200 per liter as of the first week of August 2024.. This price difference highlights the regional variations within the country, influenced
Price of diesel per litre in Abuja is N1,200 at Deroll Synergy Oil and Gas Ltd as of the first week of September 2024.
Average Diesel Price in Abuja and other States are listed below;
Abuja 1,230, Abia 1,180, Adamawa 1,230, Anambra 1,180, Akwa Ibom 1,180, Benue 1,180, Bayelsa 1,180, Borno 1,230, Cross River 1,180, Delta 1,180, Ebonyi 1,180, Edo 1,180, Ekiti 1,180, Enugu 1,180, Gombe 1,230, Imo 1,180, Jigawa 1,230, Kaduna 1,230, Kano 1,230, Katsina 1,230, Kebbi 1,230, Kogi 1,230, Kwara 1,180, Lagos 1,100, Nasarawa 1,230, Niger 1,230, Ogun 1,180, Ondo 1,180, Osun 1,180, Oyo 1,180, Plateau 1,230, Rivers 1,180, Sokoto 1,230, Taraba 1,230, Yobe 1,230, Zamfara 1,230 and Bauchi 1230.
Diesel price in Nigeria is N1,200 at Deroll Synergy Oil and Gas Ltd Abuja as of the first week of September 2024.
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The price of diesel per litre in Nigeria is N1,200 at Deroll Synergy Oil & Gas Ltd Abuja.
Find Below, the average diesel fuel prices per litre in Nigeria across the 36 States and the FCT Abuja.
Diesel Fuel Price Per Litre in Nigeria Today
The average Diesel fuel price in Nigeria today is 1,240 (N1,200 @ Deroll Synergy as of the first week of September 2024);
| States in Nigeria | Diesel Fuel Prices in Nigeria 2024 (on Average) |
| Abuja | N1,200 @ Deroll Synergy) |
| Abia | 1,335.46 |
| Adamawa | 1,657.50 |
| Anambra | 1,357.05 |
| Akwa Ibom | 1,650 |
| Benue | 1,375 |
| Bayelsa | 1,618.18 |
| Borno | 1,652.61 |
| Cross River | 1,920.86 |
| Delta | 1,707.14 |
| Ebonyi | 1,325.83 |
| Edo | 1,537.50 |
| Ekiti | 1,306.67 |
| Enugu | 1,474.90 |
| Gombe | 1,595.00 |
| Imo | 1,450.97 |
| Jigawa | 1,281.82 |
| Kaduna | 1,521.43 |
| Kano | 1,253.33 |
| Katsina | 1,442.22 |
| Kebbi | 1,340 |
| Kogi | 1,296.40 |
| Kwara | 1,345.71 |
| Lagos | 1,210.77 |
| Nasarawa | 1,448.50 |
| Niger | 1,179.23 |
| Ogun | 1,239.17 |
| Ondo | 1,356.67 |
| Osun | 1,290 |
| Oyo | 1,280 |
| Plateau | 1,450 |
| Rivers | 1,433.33 |
| Sokoto | 1,487.50 |
| Taraba | 1,742.46 |
| Yobe | 1,637.25 |
| Bauchi | 1,669.63 |
| Zamfara | 1,250 |
Nigeria’s Average Diesel fuel Price is N1,462.98 ( N1,200 @ Deroll Synergy Oil and Gas Ltd)
Due to the absence of domestic refineries, Nigeria is compelled to import refined products, which incur higher costs due to the fluctuating exchange rate between the dollar and Naira, compounded by the ongoing conflict between Russia and Ukraine.
