FG Orders Marketers to Cut Fuel Prices as Global Oil Costs Fall
The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has directed petroleum marketers to immediately reduce the pump prices ...
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Tag: #FuelPrices
FCCPC Raises Alarm Over High Fuel Prices Despite Drop in Global Crude Oil Costs
The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over what it described as possible consumer exploitation in ...
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LCCI Predicts Fuel Price Drop as Inflation Continues to Pressure Businesses
The Lagos Chamber of Commerce and Industry has projected a possible reduction in fuel prices in the coming days following ...
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Fuel Prices May Drop as Oil Prices Fall Amid US-Iran Peace Talks
Fuel prices may decline in the coming days if global crude oil prices continue to fall following ongoing peace talks ...
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Fuel Prices Surge in Nigeria as Petrol Hits N1,288, Diesel Climbs to N1,648 in March
Nigeria recorded a sharp increase in fuel prices in March 2026, with both petrol and diesel costs rising significantly, intensifying ...
Read moreIran’s Reclosure of Strait of Hormuz Dashes Hopes of Petrol Price Drop in Nigeria
The decision by Iran to reclose the Strait of Hormuz has dampened expectations of a sharp drop in petrol prices ...
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Nigeria Consumes 4.93bn Litres of Petrol in Q1 2026 Despite March Demand Drop
Nigerians consumed about 4.93 billion litres of Premium Motor Spirit (petrol) in the first quarter of 2026, according to an ...
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Fuel Marketers Dispute N3,300 Jet A1 Price Claim, Predict Drop in Aviation Fuel Costs
Fuel marketers in Nigeria have rejected claims that airlines are being charged as much as N3,300 per litre for Aviation ...
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PETROAN Calls for Downstream Liberalisation to Stabilise Petrol Prices
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called for the liberalisation of Nigeria’s downstream petroleum sector, ...
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Wale Edun Says Nigerians Should Be Thankful for Local Refining Capacity Amid Rising Fuel Prices
Nigeria’s Minister of Finance, Wale Edun, has said the current increase in petrol prices reflects market realities, urging Nigerians to ...
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