A prosecution witness, Emefun Etudo, in an ongoing trial of two oil marketers, Osahon Asemota and Yusuf Yahaya Kwande, yesterday told court how the duo conspired to steal $8.4 million worth of Automotive Gas Oil (AGO). Testifying before a Special Offences Court sitting in Ikeja, Etudo said the defendants connived to steal AGO worth $8.4million…

The average price paid by consumers for automotive gas oil (AGO), otherwise called diesel has increased by 5.99 per cent year-on-year to N207.98 in August 2018. The commodity also saw a rise in price by 1.79 per cent on a month-on-month basis from to N204.32 in July 2018. States with the highest average price of…

Failure on the part of industry regulators in Nigeria has relegated Nigeria to the background among the comity of nations, thus making it a destination for dirty fuels. Petroleum products that are not accepted in other parts of the globe including most African nations, have continued to flood the country’s product space, leaving Nigerians, the…

A fire erupted Saturday at a refinery in southern Germany following an explosion, injuring at least 10 people and forcing authorities to temporarily evacuate almost 2,000 local residents, police said. The explosion took place at around 5:30 am (0330 GMT) in a site owned by the Bayernoil group near the Bavarian city of Ingolstadt, on…

If Nigeria that depends greatly on revenue from oil is to ban the use of petrol and diesel vehicles, it amounts to suicide if nothing crops up to take the place of oil in the national revenue matrix.

Britain said Wednesday it will outlaw the sale of new diesel and petrol cars and vans from 2040 in a bid to cut air pollution but environmental groups said the proposals did not go far enough.