India and some other countries have reportedly rejected the ambassadors posted to them by President Bola Tinubu. They gave reason for the development.
Nigeria's government has halted petrol import licences, solidifying Dangote Refinery’s lead as it meets 64% of demand. A $750m expansion aims to change the sector.
The Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (PMS) or petrol, marking the fourth adjustment in its fuel pricing structure.
Nigeria faces fuel price hikes as global crude oil surges near $117/barrel, raising concerns over economic strain and household budgets amid Middle East tensions.
The NMDPRA has said fluctuations in petrol pump prices across Nigeria are a result of market dynamics under the country’s deregulated downstream petroleum sector.
Petrol prices hit N1,200 per litre in Anambra, causing transport fares to surge and Commuters have lamented the rising costs on household finances.
The NNPC is making efforts to secure crude oil supply for the Dangote Petroleum Refinery from international third-party traders to help it sustain operations
Petrol prices have risen above N1,000 per litre in several Nigerian states after Dangote Refinery increased its gantry price of PMS to N995 per litre.
Fuel prices in Nigeria soar past N1,000 per litre amid fierce competition among marketers. Experts warn petrol could hit N1,500 without urgent refinery restoration.
Motorists rushed to buy cheaper petrol as MRS, Hyde, NNPC, other filling stations increase pump prices above N1,000 per litre across the country.
NNPC raises petrol and diesel prices in the Northwest amidst rising global crude oil costs, highlighting regional disparities in Nigeria’s deregulated fuel market.
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