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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.
Figures from data firm Experian show the average price of a litre of petrol at UK forecourts reached a record 182.3p on Wednesday.
Drivers have been hit by the average cost of a litre of petrol reaching a record of nearly £1.60. Figures from data firm Experian Catalist show UK forecourts sold the fuel at an average price of ...
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.
The Global price level, as reported by the World Bank, is a way to compare the cost of living between different countries. It's measured using Purchasing Power Parities (PPPs), which help us understand how much money is needed to buy the same things in different places. Price level indexes (PLIs), with the world average set at 100, are ...
Petrol Retailers Association said petrol sales increased by more than 170% and sales of diesel were up by almost 80%. [15] Babu Jha, manager of MPK Filling Station in Leicester's Dysart Way, said on the 29th: "We have been really busy, probably three times as much as usual. People seem to be panicking." as demand rose heavily in Leicester. [16]
Data firm Experian Catalist said a litre of petrol cost an average of 180.7p on Tuesday.
Total greenhouse gas and air pollution costs are 8 times higher than accident and spills costs for pipelines (US$531 vs US$62) and 3 times higher for rail (US$1015 vs US$381). [ 22 ] Finally, transporting oil and gas by rail is generally more expensive for producers than transporting it by pipeline.