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Tag: Fuel

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
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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 […]

Subsidy: Daily fuel usage drops from 66m to 41m - Report
Business

Subsidy: Daily fuel usage drops from 66m to 40m – Report

The withdrawal of fuel subsidies, announced by President Bola Tinubu on May 29, 2023, has cut Nigerians’ daily use of petrol from 66 million to 40 million. According to Vanguard, this information was made public by the governor of Abia State, Alex Otti, following the National Economic Council’s inaugural meeting on Thursday at the Presidential […]

News

Okonjo-Iweala narrates ordeal with fuel subsidy cabal

The current Director General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala has said that the concept of fuel subsidy removal isn’t new as she narrated her ordeal with a fuel subsidy cabal. According to Vanguard, while she served as the Coordinating Minister of the Economy and Minister of Finance, the removal of fuel subsidies […]

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