
Petrol stations cut pump prices below ₦865 as competition intensifies, with depots and Dangote Refinery adjusting rates amid falling crude oil benchmarks.
Petrol stations cut pump prices below ₦865 as competition intensifies, with depots and Dangote Refinery adjusting rates amid falling crude oil benchmarks.
Oil prices fell almost 2% to a 12-week low this week on rumors that OPEC+ will proceed with a planned increase in oil supply in April but the naira remains unstable.
Crude oil prices have fallen to a 12-week low, sparking speculations that petroleum product prices could crash further as Nigerian oil refiners continue price war.
Nearly three months after the set deadline, Nigeria's power sector finally hit the 6,000MW target. Minister for Power has given conditions to get to 7,000MW
An expert has said that Nigerians may have to pay more than N1,000 for petrol if the ongoing price competition between Dangote Refinery NNPCL comes to an end.
The owners of Ascon Oil Company Limited have revealed that the company still belongs to them until the share purchase rights entered with Quest Oil are paid.
As gas supply to NLNG reduces, the company has cut back on production. Experts say the resulting scarcity of the product could trigger price increase.
The high demand for Dangote’s lower-priced petrol and diesel has caused long queues at these stations, as motorists look for relief from expensive fuel elsewhere.
The decline in Nigeria's Bonny Light Crude to $73,53 per barrel has been predicted to impact negatively on the country's economy, affecting the naira and the budget.
Dangote Petroleum Refinery has a new partner joining MRS Nigeria, Ardova PLC, and Hyden in selling its petrol at an affordable price as NNPC takes action.
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