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On 1 January 2012, the Nigerian government headed by president Goodluck Ebele Jonathan, tried to cease the subsidy on petrol and deregulate the oil prices by announcing the new price for petrol as US$0.88/litre from the old subsidised price of US$0.406/litre (LAGOS), which in areas distant from Lagos petrol was priced at US$1.25/litre.
Since January 2023, petrol is taxed at a rate of €0.53799/litre and diesel at a rate of €0.42875/litre, [17] with a VAT of 16% added to the total price. As of 2022, a "maximum fuel price" has been established by the government, capped at €1.534/litre for EURO 95 petrol and at €1.498/litre for diesel since 7 January 2025. [18].
The average cost of a litre of petrol reached a record 177.9p on Sunday. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach ...
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Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
The average cost of a litre of diesel is also at a record high, reaching £1.55. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail ...
According to the RAC’s Fuel Watch data, a litre of unleaded rose from 162.87p at the start of May to 174.02p by the close. Petrol cost closes on £100 prompting calls for government intervention ...
Towards the end of 2007, fuel prices exceeded £1 per litre with a 2 pence rise in fuel tax in October, resulting in the highest diesel prices and the fourth highest for petrol in Europe. [57] New protests were planned by two unconnected groups, one called "Transaction 2007" and the Road Haulage Association (RHA). [57]