…Minister for the Economy introduced a price modulation policy last week to control fuel price volatility. In this case, a flexible price ceiling is being imposed temporarily on the commodity in question. It is different from rigid price control or applying a permanent subsidy. Actually, the policy was overdue because a…

…locations, closing at ₦2,000 per litre at Matrix’s Warri depot.Depot owners increase fuel prices nationwide despite temporary relief at NNPC stations. ImagesThese are wholesale depot quotations, rather than the pump prices motorists pay at filling stations.PAY ATTENTION: From breaking news to viral moments. Follow…

…$6.28 per gallon. Trump has blamed Ukrainian strikes on Russian refineries for surging fuel prices, although the US-Israeli war with Iran has been the principal disruptor of global energy supplies. News of the deal came as Ukrainian and US negotiators met on Friday in Miami in a fresh attempt to break the conflict’s st…

…Nigerian buyers, running costs matter—but global sales data does not confirm local price cutsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over…

…he added. Trump has blamed Ukrainian strikes on Russian refineries for surging fuel prices, although the US-Israeli war with Iran has been the principal disruptor of global energy supplies. Following a telephone call with Putin on Friday, Trump said Russia would immediately supply more than 300,000 tons of diesel to US…

…in the pump price of fuel across the country. On Thursday, Oyedele announced a 30-day fuel price discount at all Nigerian National Petroleum Company Limited (NNPCL) filling stations across Nigeria. Reacting to the announcement, the African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, accused the pr…

…copied his classmates answers. Atiku made the remark in further reaction to the 30-day fuel price discount announced by the federal government. Recall that the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, had announced a 30-day fuel price discount at all Nigerian National Petroleum Compa…

…electricity with diesel-powered generators could cost about $980m annually at prevailing fuel prices, potentially leaving users with savings of more than $700m a year if solar generation fully displaces diesel use. Speaking in an interview with the Nigerian Television Authority obtained by our correspondent on Friday,…

…The government also announced other measures aimed at cushioning the impact of rising fuel prices and transport costs. Read here: https://punchng.com/fgs-30-day-petrol-discount-sparks-opposition-backlash/ Ondo crash: Air chief pleads for patience as investigation beginsSee more Punch stories on Google.Add Punch on Goog…

…said Wednesday. Polls suggest that US voters are strongly dissatisfied over rising fuel prices, linked to the conflict launched by the United States and Israel against Iran in February. The US leader has repeatedly insisted in recent weeks that the United States has effectively won the Iran war, despite ongoing unrest…

…while presenting the ADC as an alternative under Atiku Abubakar’s leadership. Fuel price cut: ‘Nigerians will reject your one-month bribe’ – ADC tells Tinubu

…Minister of the Economy, Taiwo Oyedele, on Thursday during a press briefing on fuel prices and the subsidy question in Abuja. The government said the measures were designed to ease the immediate burden of higher petrol prices without returning to a blanket fuel subsidy. Here are the 10 measures announced by the Federal…

…Nigeria compared to the international market rate.Amaechi outlines Atiku’s plan to lower fuel prices by selling crude to Nigerian refineries below international market rates. Photo Amaechi/ADC>The former Rivers state governor stated this while addressing ADC supporters at an Townhall meeting in Edo State on Thursday, O…

…gains By Babajide Komolafe, Economy Editor The World Bank has warned that elevated fuel prices could slow Nigeria’s poverty reduction efforts despite an expected improvement in economic growth and a sharp decline in inflation in 2026. The warning was contained in its latest Africa Economic Update, which projected that…

…mayors of both cities, according to TMZ.Trump made the remarks while discussing rising fuel prices linked to the Iran war, saying American motorists were paying a "little bit" more at the pump. According to the report, he claimed Iran had the capability to destroy an American city but offered no evidence to support tha…

…some of these constraints by allowing market forces a greater role in determining fuel prices, foreign exchange rates and electricity tariffs. The foreign exchange reforms, in particular, were designed to reduce multiple exchange rates and improve transparency in the currency market, while the removal of the petrol sub…

…tensions in the Middle East pushed up energy costs and contributed to higher domestic fuel prices.

…states said they had received no CNG buses, while commercial operators pointed to high fuel prices, costly spare parts and poor road conditions as barriers to any reduction.Drivers blamed high fuel costs and poor roads as transport fares stayed high across Nigeria. Photo Sulaiman>Tinubu had on September 19 urged state…

…the less you see. Inflation is not coming down at all. “Inflation is about 35 percent. Fuel prices went up from N1,100 to N1,500, and inflation is coming down. What kind of voodoo economics is that when you know that transport is at the root of everything? “The worst thing that this government is doing is not only that…

…of petrol, comparing their reaction to the current price with the protests that followed fuel price increases under former President Goodluck Jonathan. Fayose made the remarks in a viral video while questioning why some Nigerians who previously criticised Jonathan over petrol prices are now defending Tinubu despite the…

…on petrol from Dangote Refinery. BREAKING: Dangote Refinery: MRS filling stations reduce fuel price

…above $107 per barrel on Monday, September 28, reversing a decline that had pushed depot fuel prices lowerSeveral Lagos, Warri, Port Harcourt and Calabar depots cut petrol and diesel prices between September 21 and 25The crude rebound followed Iran's rejection of a seven-day truce proposal linked to the Strait of Hormu…

NMDPRA has proposed new rules to ban fuel price fixing, hidden charges and other anti-competitive practicesDraft regulations would require fair access to pipelines, depots, jetties and other essential petroleum infrastructureCourt orders continued import licences for three marketers as Dangote separately challenges fue…

…seed costs are squeezing onion supplies before they reach urban marketsTransport costs, fuel prices and spoilage are worsening pressure on households, restaurants and food vendorsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Pascal Oparada is a journalist wit…

…of ₦2,100 per litre in NigeriaFactsMatter.ng investigated the claim by checking live fuel price data from multiple sources in GhanaThe fact-check found that Ghana's petrol price converts to roughly ₦2,080 to ₦2,100 per litre in NigeriaPAY ATTENTION: Find it fast with our new search feature at Legit.ng! A claim ci…