Browsing Tag
Petroleum
15 posts
Depot operators align petrol prices with Dangote Refinery rates
Petroleum depot owners have lowered their ex-depot petrol prices to N1,075 per litre to match the rates recently established by the Dangote Refinery.
NMDPRA confirms deregulated fuel sector and strengthens consumer protection efforts
The NMDPRA has clarified that Nigeria's petroleum market is fully deregulated, with fuel prices set by market forces, while simultaneously ramping up consumer protection and monitoring efforts.
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.
Boosting Nigeria’s Oil Output: Urgent Improvements Needed
Nigeria's recent oil production recovery is a necessary step rather than a total success, as significant structural challenges and industrial-scale theft continue to hinder the sector's potential.
Dangote Refinery and Congo’s National Oil Firm Discuss Energy Partnership
SNPC and Dangote Refinery are in talks to form a strategic partnership aimed at boosting regional energy security and refining capacity across Africa.
Nigerian Government Pressures Marketers to Lower Petrol Prices Amid Global Market Shifts
The Nigerian government has directed regulators to prevent price exploitation by fuel marketers, as domestic pump prices remain high despite a significant decline in global crude oil costs.
Government Commands NMDPRA to Stop Excessive Fuel Pricing
Minister Heineken Lokpobiri has tasked the NMDPRA with preventing fuel price exploitation and ensuring consumers receive accurate quantities at retail stations.
FCCPC cautions fuel sellers as consumers miss out on global price cuts
The FCCPC has warned fuel retailers against price exploitation, noting that consumers are not receiving the benefits of falling global crude oil prices.
Tinubu administration remains silent amid public outcry for lower fuel costs
President Tinubu and his administration have not yet responded to public pressure to lower fuel prices as global crude oil rates return to pre-conflict levels.
Muslim Media Watch Group Demands Fuel Price Reduction to N700 in Nigeria
The Muslim Media Watch Group of Nigeria has urged the Federal Government to force fuel marketers to lower petrol prices to N700 per litre, citing the recent cooling of global oil markets.