…financing and other operating costs remain high. This could translate into higher fuel costs for motorists, with knock-on effects on transportation, logistics, food distribution and inflation. Conversely, stronger competition among domestic refiners and product suppliers could limit the extent to which higher depot pri…

…of up to 200 per cent.Tinubu said the new approach would focus on ensuring that lower fuel costs translate into lower fares rather than simply improving operators' margins.The President said state governments would play a crucial role because intra-state transportation falls largely within their sphere of influence.500…

…The President said intra-state transportation was where Nigerians felt the impact of fuel costs most directly, adding that state governments had an important role to play in ensuring that the savings from cheaper fuel reached commuters. “Intra-state transport is where Nigerians feel the cost most directly, and it is wh…

…of the naira, not the quantity of it,” Okonkwo said. He further argued that reducing fuel costs would have a ripple effect across the economy, lowering transportation and logistics costs and ultimately easing pressure on food prices and other essential goods and services. “When he gives you fuel at an affordable price,…

•Bad roads, bandits, fuel costs: The ordeal of Ibadan fruit sellers ‎Behind every basket of fresh fruits displayed in local markets lies a difficult journey. The journeys are filled with sacrifice, uncertainty, and survival. ELIZABETH BABAWALE, an intern with the Nigerian Tribune, writes on the effects of poorly-mainta…

Running a delivery business in Nigeria has become increasingly difficult. Fuel costs remain one of the biggest operating expenses for logistics companies, courier services, e-commerce delivery firms, and transport operators. The post Why CNG is becoming smart choice for logistics businesses in Nigeria appeared first on…

…new petrol prices, reflecting the growing impact of rising crude oil benchmarks on local fuel costs.From breaking news to viral moments. Follow Legit.ng on Instagram.DepotOld PriceNew PriceAIPECN1,200/LN1,248/LSOBAZN1,205/LN1,255/LMastersN1,240/LN1,260/LMatrix WarriN1,230/LN1,250These increases are expected to filter t…

…and petroleum sector, given that higher crude oil prices often translate into increased fuel costs for consumers? Well, for me, this is quite a mismatch: as the biggest oil producer in Africa and the owner of the largest refinery, with a capacity of about 700,000 barrels per day, Nigerians still have to pay quite a hig…

…travel through Sabuwa and Funtua in Katsina State to reach our destination, increasing fuel costs and exposing us to additional risks. "The situation affected our income because transportation costs became too high and many people avoided travelling," he said. A farmer and resident of Marabar Yakawada, Mallam Ibrahim,…

…major shipping route for crude oil exports, raising concerns about possible increases in fuel costs across several countries. Iran on Saturday declared the closure of the strategic waterway, accusing Israel of violating a ceasefire agreement through continued deadly attacks in southern Lebanon. The Islamic Revolutionar…