fuel prices

KEY POINTS Nigeria’s growing domestic refining capacity may improve energy security and reduce dependence on imports, but it cannot completely shield the country from fluctuations in global fuel prices, according …

KEY POINTS Global oil prices rose sharply on Tuesday as escalating tensions in the Middle East raised concerns about a prolonged conflict and the potential disruption of global energy supply. …

KEY POINTS MRS Oil Nigeria Plc announced a sharp increase in petrol prices at its retail outlets, raising the cost of Premium Motor Spirit to nearly N975 per litre. The …

KEY POINTS Oil marketers in Nigeria, PETROAN, are raising fresh concerns that the escalating military confrontation involving the United States, Iran and Israel could soon hit home in the form …

KEY POINTS Nigeria’s energy conversation has long been dominated by a familiar promise from the Dangote Group: once local refining begins at scale, fuel will become cheaper, scarcity will disappear, …

KEY POINTS In a move set to directly impact the cost of living and transportation nationwide, the Dangote Petroleum Refinery has formally commenced the sale of petrol, known as Premium …

KEY POINTS Egypt has raised prices across a broad range of petroleum products, its second increase this year, as the government continues efforts to rein in subsidies and narrow a …

KEY POINTS A coalition of civil society groups has applauded the Dangote Refinery and Petrochemicals Company for what they describe as a “game-changing” role in easing fuel costs and shoring …

KEY POINTS The Independent Petroleum Marketers Association of Nigeria, IPMAN, has sounded the alarm over a mounting debt dispute with the Anambra State Government that could push fuel prices in …

KEY POINTS After the U.S. Energy Information Administration (EIA) predicted that Brent crude could average below $60 a barrel in the fourth quarter, a level last observed during the pandemic’s …