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Tag: Fuel

Fuel prices drop in Niger Republic as Nigeria supplies petrol
News

Fuel prices drop in Niger Republic as Nigeria supplies petrol

The price of Premium Motor Spirit (petrol) in Niger Republic has begun to decline following fuel shipments from Nigeria, The PUNCH reports. Residents in border communities and security sources confirmed that hundreds of petrol tankers from Nigeria have been making their way into Niger Republic, easing the country’s fuel crisis. On March 16, 2025, Sunday […]

Fuel import drop by 1bn liters in seven months – Report
Oil and Gas

Fuel import drops by 1bn liters in seven months – Report

The National Bureau of Statistics has revealed that following President Bola Tinubu’s removal of fuel subsidies in June, the nation’s monthly imports of petrol decreased by almost 1 billion liters. According to the NBS statistics, the nation imported 2.09 liters of petroleum in January 2023 and 1.99 billion liters in February of the same year. […]

Dangote names Lekki refinery road after Wigwe
Business featured

Dangote refinery fuel delayed by govt – Report

Dangote Petrochemical Refinery’s plan to release aviation fuel and diesel for sale in the Nigerian market in January appears to have been delayed by unfinished business with regulatory authorities. According to The PUNCH, the largest refinery in Africa is still struggling to get through the several levels of regulatory permissions, one week after the management […]

Why fossil fuel phaseout is unavoidable - UN
Oil and Gas

Why fossil fuel phaseout is unavoidable – UN

The United Nations Secretary-General, António Guterres, stated that phasing out fossil fuels was not only necessary but also unavoidable. The PUNCH reported that he urged countries to take action and hasten the switch from fossil fuel to clean energy, with the largest emitters setting the example, during a speech on Friday in honour of the […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
Business

IMF expresses concerns over Kenya’s fuel subsidy reintroduction

The International Monetary Fund has raised concern over Kenya’s plan to reintroduce fuel subsidies. Business Insider reported that the global lender expressed reservations about the scheme’s feasibility, stressing that Kenya may not be able to pay oil traders due to financial constraints. The bank also mentioned an unpaid bill in the sector stating that Kenya may […]

Dangote fuel will be sold in naira not dollars - IPMAN
Oil and Gas

Dangote fuel will be sold in naira not dollars – IPMAN

Juliet Buna Oil marketers clarified on Monday that the refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters. According to The PUNCH, the National Public Relations Officer, IPMAN, Chief Ukadike Chinedu, admitted that it was true that […]

Dangote fuel will be sold in naira not dollars - IPMAN
featured Oil and Gas

Dangote refineries to supply 150,000 IPMAN fuel stations

The Dangote Petroleum Refinery will deliver fuel to around 150,000 retail outlets managed by the Independent Petroleum Marketers Association of Nigeria, following a meeting between refinery management and IPMAN executives. The PUNCH reported that last week Monday, IPMAN booked a meeting with Dangote refinery management to discuss the supply of products to independent marketers. The IPMAN President, Abubakar […]

Top 10 African countries with highest fuel price in 2024
Oil and Gas

Top 10 African countries with highest fuel price in 2024

A significant increase has hit the prices of fuel across the globe, especially in Nigeria following the removal fuel subsidy, which marked the beginning of the Bola Tinubu era in 2023. Since then, Nigerians have experienced a surge in the price of petroleum motor spirit from about N198/N200 per liter to over N1300 per liter. […]

Top 10 countries with lowest fuel prices in 2024
Oil and Gas

Top 10 countries with lowest fuel prices in 2024

A report titled “Gasoline Prices” has examined petrol prices in various countries has revealed the top 10 countries with the lowest petrol prices in 2024. Globally, the average cost of a liter of gasoline is 1.30 USD. However, these costs vary significantly between countries. Petrol costs are critical to global economies, and prices vary significantly among […]

Dangote fuel will be sold in naira not dollars - IPMAN
Oil and Gas

No plans to increase fuel price – NNPCL

The Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that there would be no increase in the price of Premium Motor Spirit, commonly known as petrol. This was announced in a statement on X which was signed by the company’s chief corporate communications officer, Olufemi Soneye, as it warned motorists against panic buying. The statement came […]

NNPC, First E&P provide free healthcare in host communities
featured

NNPCL defends fuel import monopoly

Nigerian National Petroleum Company Limited, Mele Kyari, has justified the company’s present monopoly in fuel importation by claiming that oil marketers pulled out of the fuel import market as a result of price volatility. The Punch reported that speaking on Wednesday at the National Assembly complex before the Senate Committee on Finance, Kyari claimed that […]

JUST IN: Fuel price hits N617 per liter
Business

Fuel price hits N617 per litre

The cost of petrol motor spirit, popularly called petrol has risen to almost N617 per liter. According to Daily Trust, an NNPC filling station in Abuja’s Central neighborhood has established that the fuel price has been changed from N539 to N617 per liter and is currently selling at that price. The immediate cause of the increase could not […]

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