Petrol prices higher in Qatar than Nigeria

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Qatar Petroleum has said it reset the prices of petroleum products in the country in line with international oil prices.

According to QP, effective from 1 February, Premium grade petrol price will go up by 5 dirhams and will cost QR1.85 ($0.51) per litre compared to QR1.80 in January.

The new price makes the cost of petrol to be about N183.6k, more than the N145 being paid in Nigeria.

The super grade will be costlier by 5 dirhams and will cost QR1.90 ($0.52) (N187) per litre. it was QR1.85 in January, according to the new price list issued by Qatar Petroleum.

Price of diesel will increase by 10 dirhams. It will be QR1.85 ($0.51) a litre as against QR1.75 in January. At N183.6k, it is cheaper than the price on offer in Nigeria. In Lagos and Abuja, diesel sells between N200 and N210.

A report says this is the highest ever price announced for petrol after the Ministry started pegging the fuel prices to the international market.

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