Energy
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has provided an explanation for the current fuel scarcity as filling stations adjust prices.
Excessive power supply has reportedly forced electricity regulatory authorities in Tanzania to shut down five hydroelectric stations in the country.
MRS Oil Plc has announced a slash in the price of diesel in its filling stations across the country from N1,700 to N1,050 following after Dangote refinery's move.
The Nigerian National Petroleum Company (NNPC) Limited has addressed the current scarcity of premium motor spirit (PMS), otherwise known as petrol.
The Port Harcourt Refining Company (PHRC), a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL) has announced a plan for another refinery.
An analyst, Titilope Anifowoshe, has predicted a reduction in fuel price to N570-580 per litre by the middle of 2024. He gave two reasons for the possibilities.
Black marketers are taking advantage of the fuel scarcity that has spread through some states, forcing commuters to pay higher transportation fares.
Despite raising its electricity tariffs from N66/kWh to N255, Nigeria is not among West African countries with the highest electricity costs in the region.
The Independent Petroleum Marketers Association of Nigeria (IPMA) and NNPC have said that the recent petrol scarcity is due to logistics issues.
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