
The global fall in crude oil prices has led to a slight drop in fuel prices across depots nationwide, with top depots now selling petrol and diesel at the same rate.
The global fall in crude oil prices has led to a slight drop in fuel prices across depots nationwide, with top depots now selling petrol and diesel at the same rate.
Petroleum product marketers and the Dangote Refinery have agreed to lift 28 million litres of petrol daily from the facility in the next six months.
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Wale Edun Finance Minister and coordinator of economic policy has defended the decision by President Bola Tinubu to remove fuel subsidy and listed the benefits.
According to a statement posted on its X page, Dangote Refinery has announced a decrease in the price of its Premium Motor Spirit (PMS) from N990 to N970 per liter.
The Guvnors Group has announced that its Rotterdam refinery is suspending operations as it faces crude oil supply drought amid the take-off of Dangote refinery.
The Nigerian National Petroleum Company Limited (NNPC) has reportedly asked oil marketers to halt petrol imports, citing adequate supplies from the Dangote refinery.
The federal government's plan to enforce naira paet for crude oil at local refineries has faced considerable challenges merely two months after its introduction.
The NNPC has announced that the Abigail Joseph FPSO has hit 60,000 barrels of crude oil as Nigeria aims to hit two million barrels of oil production by December.
Consistent gasoline sales at outlets chosen by the NNPC and a few big marketers have led to a rise in supply, which has caused independent marketers' prices to drop.
Energy
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