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Diesel price stands at N1415.06 in April 2024 – NBS
The National Bureau of Statistics (NBS), says the average retail price of a litre of diesel increased from N842.25 in April 2023 to N1415.06 in April 2024.
NBS stated this in its Diesel Price Watch for April 2024 released in Abuja on Tuesday.
The report said that the April 2024 price of N1415.06 per litre amounted to a 68.01 per cent increase over the N842.25 paid in April 2023.
“On a month-on-month basis, the price increased by 5.51 per cent from the N1341.16 per litre recorded in March 2024,” it added.
On state profile analysis, the report said the highest average price of diesel in April 2024 was recorded in Taraba at N1742.46 per litre, followed by Bauchi at N1669.63 and Borno at N1652.61.
It stated that the lowest price was recorded in Niger at N1023.00 per litre followed by Kogi at N1152.50 and Adamawa at N1257.50.
“In addition, the analysis by zones showed that the North-East had the highest price of N1553.80 per litre, while the North-Central recorded the lowest price at N1307.21”. (NAN)
Another explosion occurred at a pipeline manifold in the Omwawriwa area of Ogba-Egbema-Ndoni Local Government Area of Rivers State on Tuesday.
This incident follows a similar explosion that shook the Trans Niger Pipeline, operated by Shell, in Bodo, Gokana Local Government Area just hours earlier.
The latest explosion reportedly took place at a manifold connected to a federal pipeline deep within the forest, which transports crude oil to Brass in Bayelsa State.
While the explosion has not yet been officially confirmed, community sources reported seeing massive flames and thick smoke rising from the oil installation in the forest.
Grace Iringe-Koko, the spokesperson for the Rivers State Police Command, stated that she would investigate the incident but had not provided a response at the time of this report.
A video obtained by our correspondent displays a large fire burning in a remote location.
In a separate development, Ijaw youths blocked the Ahoada section of the East-West Road leading to Bayelsa State on Tuesday in protest.
The demonstrators, numbering over 100, carried placards in solidarity with Rivers State Governor Siminalayi Fubara amid his political dispute with the state House of Assembly. Some of the placards read: “We demand Wike’s dismissal as FCT Minister” and “Martin Amaewhule and 26 lawmakers have defected and lost their seats.
The House of Representatives on Tuesday passed the four tax reform bills transmitted to the National Assembly in October 2024 by President Bola Tinubu.
Recall that the House had on Thursday last week, considered and approved the report of the House Committee on Finance which made some recommendations, particularly in controversial areas such as the Value Added Tax and inheritance tax.
While awaiting the Senate to similarly pass the bills, the proposed reforms are expected to be transmitted to the President for his assent in the days ahead.
Details shortly…
Two members of the house of representatives have defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).
Tajudeen Abbas, speaker of the house, announced the defections in a letter read on the floor of the lower legislative chamber on Tuesday.
More to follow…