The Nigerian National Petroleum Company (NNPC) has ended its naira-for-crude deal with local refineries, including Dangote Petroleum Refinery. This decision could lead to higher petrol prices as refineries will now source crude oil from international markets, potentially impacting Nigeria's...
Nigerians are outraged over a recent fuel price hike, with petrol prices rising to N1,030 per litre in Abuja and N998 in Lagos. Citizens express concerns about worsening poverty and demand action from President Bola Tinubu, highlighting the strain of increasing costs on their daily lives...
The Major Energy Marketers Association of Nigeria (MEMAN) reports a significant drop in the landing cost of petrol to N981.08 per litre in September 2024, down from N1,130 in July. Despite the decrease, petrol prices remain high, sparking ongoing debate about fuel costs and subsidy removal in...
Petrol prices in Nigeria have surged towards N1,000 per litre due to persistent supply disruptions. In Abuja, Lagos, Kano, and Maiduguri, many stations are either closed or selling at inflated rates, causing long queues and significant public distress. The crisis is linked to inadequate supply...
Read about Nigeria's petrol price surge in May 2024, with Jigawa topping at ₦937/litre post-subsidy removal, affecting inflation and consumer costs nationwide.
In May 2024, the National Bureau of Statistics (NBS) reported a staggering increase in the average retail price of Premium Motor Spirit...
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