Browsing Tag
Oil Market
5 posts
Fuel Depot Prices Decline Amid Global Oil Market Shifts
Petroleum depot prices for petrol and diesel decreased across major Nigerian hubs on Tuesday as global crude oil benchmarks dropped below $80 per barrel.
Nigerian Gas Stations Close Amid Fuel Price Hike Rumors
Several Nigerian petrol stations have suspended operations as rumors circulate regarding potential fuel price hikes following global crude oil market volatility.
Dangote Refinery adjusts petrol rates downward while diesel costs climb
Dangote Refinery slightly lowered its ex-depot petrol price, while diesel costs saw significant increases across several Lagos depots amid rising global crude oil prices.
Dangote Refinery Lowers Petrol Ex-Depot Price by N175
Dangote Refinery has dropped its ex-depot petrol price by N175 per litre, marking the fourth reduction in three weeks as global crude prices tick upward.
OPEC+ Increases Oil Quotas as Regional Tensions Ease
Seven OPEC+ nations are raising oil production quotas by 188,000 barrels per day beginning in August 2026 as shipping through the Strait of Hormuz recovers.