Browsing Tag
Petroleum
29 posts
MRS stations close in Abuja following latest petrol price hike
MRS filling stations in Abuja have shut down for two days due to fuel shortages as petrol prices rise following the dollarization of the downstream oil sector.
International Oil Prices Jump by Over Four Percent
Global crude oil prices rose by over 4 percent due to Middle East tensions, causing local fuel price adjustments in Nigeria.
Dangote Refinery Addresses Rumors Regarding Petrol Sales Suspension
Dangote Refinery officially denies reports of halted petrol sales, clarifying that its 700,000-barrel-per-day operation continues as depot owners hike prices.
S&P Reports Dangote Refinery Insulates Nigeria from Global Fuel Price Spikes
According to S&P Global, the Dangote Refinery is stabilizing Nigeria's fuel market by keeping domestic prices steady while international costs, shipping rates, and supply challenges rise.
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.