
Despite reduced prices at the depots by Dangote and operators, cooking gas retailers are exploiting consumers, making as much as 35% profit per kilogramme.
Despite reduced prices at the depots by Dangote and operators, cooking gas retailers are exploiting consumers, making as much as 35% profit per kilogramme.
Four depot owners have increased their prices following the increase in crude oil costs in the international market, as marketers plot against Dangote.
The move by the Nigerian government to secure a $5 billion oil-backed loan from Saudi Aramco is facing a major hurdle due to falling crude oil prices.
Diesel prices have spiked at the depots by over 10 per cent, with owners increasing the product's prices from N925 per litre to N1,050 and N1,025 respectively.
NNPCL warns foreign businesses and investors about scammers posing as the company, urging caution and reporting of fraudulent activities to the corporation.
Depot owners have hiked petrol prices slightly due to increase in global crude oil prices, supply challenges and shutdowns across the country during the holiday.
Several filling stations across Nigeria have reduced petrol prices as the naira strengthens, with experts predicting further decreases in June and July.
Owners of crude oil refineries in Nigeria have lamented poor crude oil supply to run their businesses as producers prefer selling to international buyers.
Key petroleum product marketers have engaged foreign suppliers to import petrol and sell at about N700 per litre, below the Dangote Refinery rate.
Electricity distribution companies (DisCos) increased their billing by 105% between January and March 2025, with Ikeja Electric billing the highest.
Energy
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