Browsing Tag
Petroleum
29 posts
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.
Dangote Refinery Lowers Fuel Prices Once More
Dangote Refinery has slashed its petrol gantry price by N50, bringing the rate to N1,125 per litre as global crude prices stabilize.
Dangote Refinery Rejects Claims of Exporting and Re-importing Fuel
Dangote Refinery denies allegations that it exports fuel to neighboring countries only to re-import it, asserting that its primary focus remains the local Nigerian market.
Dangote Refinery Rejects Allegations of Fuel Export and Re-import Schemes
Dangote Refinery has formally denied claims that it exports petroleum products to Lomé for re-importation, citing logistical costs and strict contractual prohibitions.
Dangote Refinery Rejects Allegations of Re-importing Fuel into Nigeria
Dangote Refinery has officially dismissed reports claiming it engages in a fuel export and re-importation scheme, citing logistical costs and contractual prohibitions as evidence against such practices.
NMDPRA Issues New Petroleum Import Licenses to Seven Firms
To combat declining fuel reserves, the NMDPRA has authorized seven oil marketers to import petrol and diesel for the third quarter of 2026.