Fuel prices
22 Oct
Commercial drivers in Lagos have threatened to embark on an unannounced strike in protest against several grievances, including the recent hike in fuel prices, police extortion, excessive daily ticket fees, and multiple collection points in motor parks and garages.
10 Sep
In a bold step to reduce fuel costs and offer Nigerians an affordable alternative to petrol and diesel, President Bola Tinubu has made Compressed Natural Gas (CNG) available for vehicles at just ₦230 per litre. This landmark initiative is aimed at alleviating the financial strain caused by the high cost of petrol, which currently exceeds…
15 Aug
Depot owners in Nigeria have once again dismissed accusations that they are undermining local refineries, instead preferring to continue importing petroleum products. They also reject claims that their operations inflate foreign exchange demand and contribute to rising fuel prices. In a media briefing on Wednesday, Olufemi Adewole, Executive Secretary of the Depot and Petroleum Products…
11 Jun
The reigning metaphor in Nigeria today is: “Hunger in the land.” The Yoruba rendition of the metaphor puts it a bit more frighteningly as Eb
16 Apr
In a groundbreaking development for consumers across Nigeria, Dangote Petroleum Refinery has made a historic announcement by further reducing the price of diesel from ₦1,200 to ₦1,000 per litre. This move comes in the wake of the refinery's recent introduction of diesel at a remarkably discounted rate of ₦1,200 per litre just three weeks ago.…