
Despite reduced prices at the depots by Dangote and operators, cooking gas retailers are exploiting consumers, making as much as 35% profit per kilogramme.
Despite reduced prices at the depots by Dangote and operators, cooking gas retailers are exploiting consumers, making as much as 35% profit per kilogramme.
The Nigerian National Petroleum Company Limited (NNPCL) and other marketers made adjustments to the petrol price at their filling stations in Lagos and Abuja.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to license 220 dormant oil blocks across Nigeria's offshore and onshore areas.
The Nigerian National Petroleum Company Limited (NNPC) outlet have increased the price of petrol but there are some filling stations to buy at lower rate.
The Nigerian government has rolled out free gas cylinder distribution nationwide, targeting about five million homes in the next five years to promote clean cooking.
Data from the National Bureau of Statistics (NBS) shows that palm oil imports have reduced by 26%, driven by a surge in local production, leading to a price drop.
Petrol Tanker Drivers (PTD) branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) is on strike, and residents of Benue are facing the heat.
Delta state has continued to lead Nigerian states as the country's top oil-producing state with 100 million barrels in 11 months, while Lagos recorded no output.
Petrol prices are expected to surpass N1,000 per litre if the current market dynamics continue, including the rise in landing costs and crude oil prices.
The Nigerian National Petroleum Company Limited (NNPCL) has decided to increase petrol prices at its retail stations amid a global crude oil increase.
Energy
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