President Bola Tinubu has approved the commencement of the 2026 oil and gas licensing round, with an aim to increase…
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Dollar sale row: Marketers halt Dangote fuel loading, FG steps in
Marketers of petroleum products have stated that the loading of fuel has been put on hold at the Dangote Petroleum…
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Dangote sourced 22% of June crude from overseas – Report
The Dangote Petroleum Refinery sourced about 78 per cent of its crude oil feedstock from the Nigerian National Petroleum Company…
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Petrol remains pricey as crude crashes to $73
The price of petrol has remained high even as crude oil prices crashed to $73 per barrel on Wednesday, their…
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Crude prices drop after US-Iran talks
Oil prices fell on Monday on optimism over US-Iran talks, with mediators flagging a “roadmap” to a final agreement, while…
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Petrol Price soars 643% in Nigeria in three years
The price of Premium Motor Spirit (petrol) has risen from about ₦175 per litre in May 2023 to between ₦1,300…
Read MorePetrol price increased by 22.55% in March — NBS
The National Bureau of Statistics (NBS) has stated that the average retail price paid by consumers for Premium Motor Spirit…
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Petrol price drop in doubt after Hormuz disruption
The decision by Iran to reclose the Strait of Hormuz has dampened hopes that fuel prices would crash in Nigeria.…
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