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OPEC Secretary General reveals cause...

OPEC Secretary General reveals cause of fuel...

Dangote refutes ₦898 per litre...

Dangote refutes ₦898 per litre petrol pricing,...

OPEC Secretary General reveals cause of fuel price hike in Nigeria

OPEC Secretary General reveals cause of fuel price hike in Nigeria OPEC Secretary General, Haitham Al Ghais, said the real reasons behind high fuel prices lie primarily in taxes imposed by governments, including those of major oil-consuming nations. His statement follows the controversies in the cause of fuel price hike which has sparked widespread concerns, with many pointing fingers at oil producers, particularly local operators like Dangote Refinery. In an article published within the week, Al Ghais explained that crude oil and its derivatives form the backbone of global industries, powering everything...
Hafsat Aleeyu Muye -
News

OPEC Secretary General...

OPEC Secretary General reveals cause of fuel price hike in Nigeria OPEC Secretary General, Haitham Al Ghais, said the real reasons behind high fuel prices...
Hafsat Aleeyu Muye -
News

Dangote refutes ₦898...

Dangote refutes ₦898 per litre petrol pricing, says sales with NNPCL were in dollars Dangote Refinery has revealed that it sold Premium Motor Spirit (PMS)...
Uchechi Ojo -
News

Fuel price soars...

Fuel price soars to N1,300/litre amid scarcity as depots run dry Fuel shortages have hit several states across the country, including Kano, Lagos, Kaduna, Rivers,...
Jane AISO -
Business & Economy

Marketers warn of...

Oil marketers have expressed concerns that the rising cost of crude oil, along with the depreciation of the Nigerian Naira against the United States Dollar, may lead to an increase in the pump price of Premium Motor Spirit (PMS), commonly known as petrol.
Maryam Umar -
Business & Economy

Tinubunomics fuel price...

It was all the Nigeria National Petroleum Company Limited (NNPCL) needed to tactically hike the pump price of fuel while citing 'market forces' or what economists regard as 'market fundamentals' to justify the free entry and exit in an economy based on the theory of supply and demand, along with other vague external technicalities that include price elasticity, marginal profit, marginal cost, as well as the equilibrium principles.
Kenneth Afor -
News

Nigerians react as...

Nigerians react as fuel price increases to N617 per litre Story from Kasim Isa MUHAMMAD Nigeria finds itself in the midst of a brewing storm as...
Salim Sani -
News

Why we increased...

Why we increased fuel price to N617 per litre - NNPCL The Nigerian National Petroleum Company Ltd. has attributed the increase in the price of...
Salim Sani -
Business & Economy

Imminent fuel price...

The federal government on Thursday has admitted paying as much as N120 billion to subsidise the price of petrol monthly, saying the task is...
Neptune Prime -
Business & Economy

Nigerian gov’t approves...

The Federal government has approved an upward review of petrol price to N212 per litre, days after promising to return fuel price below N100...
Gift Luckson -
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