…Donald Trump said Friday that he had secured Russia’s agreement for a major release of diesel, as he eased war sanctions on Moscow in a push to lower energy costs ahead of midterm elections. Moscow has been hit with waves of sanctions by the United States and partners since its 2022 invasion of neighbouring Ukraine, an…

…Middle East conflict have renewed concerns about exposure to unpredictable petrol and diesel costs, strengthening interest in alternatives.However, the decline in petrol-only cars does not mean fully electric vehicles now account for most global sales. Hybrids, which combine an engine with an electric motor, are exclud…

…by the president’s announcement of a deal with Russian leader Vladimir Putin to boost diesel supplies, underscoring how the conflict has become entwined with soaring energy prices. Secretary of State Marco Rubio warned Thursday that the conflict had reached a potentially explosive impasse, with the failure to reach a n…

…of the figures suggests that generating an equivalent amount of 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 Nigeria…

…prices by as much as N25 per litre on Thursday, October 8Ibeto depot in Lagos raised its diesel price by N195 per litre amid growing concerns over crude supply disruptionsBrent crude climbed to $105.02 per barrel, with tanker traffic through the Strait of Hormuz falling to its lowest point since late JulyPAY ATTENTION:…

…routes in the Federal Capital Territory charge ₦500, compared with ₦1,000 on diesel-powered buses.The Masaka–Berger service costs ₦600 instead of ₦1,000, while Berger–Gwagwalada costs ₦700, against ₦1,200. Another 26 buses are expected to join the FCT fleet.In Lagos, the initiative reported that Ikorodu…

UK diesel prices hit a record 200.01p per litre, while Dangote cut its Nigerian wholesale rate by ₦70The refinery’s lower price could ease costs for Nigerian businesses, but savings at the pump are not guaranteedG7 nations plan to release 100 million barrels of oil and petroleum products to cool supply pressuresPAY ATT…

…Look at it this way: getting reliable power instead of spending money on expensive diesel translates into a lower cost of production and, ultimately, lower prices for goods bought by everyday consumers. Designating specific industrial and commercial corridors for 24/7 power is intended to bridge the gap between generat…

Dangote Refinery’s growing market share is intensifying competition and pushing Nigerian depot suppliers to offer deeper discountsWeak purchasing power and slower orders squeeze marketers’ cash flow, even as wholesale petrol prices fallCrude price swings, inventory costs and aggressive bargaining complicate pricing, an…

…access to tractor services, while stressing that energy remained essential because diesel could not sustainably power processing businesses. The post Industrialising agric sector will move Nigeria away from subsistence farming – Stakeholders appeared first on Vanguard News.

…eliminated West Africa’s refined-products deficit, with the region continuing to import diesel and, to some extent, gasoline, particularly through the Lomé trading hub.“Unless more refining capacity is built, the region is still going to remain within a deficit,” he said.According to him, Nigeria’s geographical positio…

…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 HormuzPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher i…

…products from the Dangote Petroleum Refinery as the cost of importing petrol and diesel remains above the refinery’s selling prices. The widening price advantage comes as some filling stations have begun selling petrol below ₦1,400 per litre, offering motorists some relief after weeks of elevated fuel prices.

…per dayThe refinery recorded 105.21% average capacity utilisation and produced petrol, diesel and aviation fuel for both local consumption and exportPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Legit.ng journalist Victor Enengedi has over a decade's experience covering energy, MSMEs, technology,…

…million litres in the previous month of July. The NMDPRA data showed that average daily diesel imports dropped to 1.3 million litres in August, from 7.9 million litres in July. However, LPG imports increased to 1.3 million litres per day, from 0.9 million litres in July. The post Crude supply to Nigerian refineries jum…

…likewise!” Trump wrote. The US president also attributed the recent increase in global diesel prices to the Russia-Ukraine war, dismissing the conflict involving Iran as the main cause. “The World’s Diesel price rise is mostly caused by the Russia/Ukraine War, not Iran,” he added. Ukraine’s presidency declined to comme…

…supplies, with implications for Nigeria and other developing economies.Syria raised diesel prices by 40% and gasoline prices by up to 28% following rising global procurement costs and disruptions to its domestic fuel supply. The increases triggered protests and road blockades in several parts of the country.The crisis…

The pump price of Automotive Gas Oil, AGO, popularly known as diesel, has surged above N2,000 per litre in Nigeria. A market survey by DAILY POST showed that the retail price of diesel jumped on Friday to between N2,000 and N2,020 per litre from N1,700 to N1,800 across AA Rano, Empire Energy, Ranoil and other filling s…

…to the country's downstream fuel market.The MEMAN data also put the landing cost of diesel at N1,850.66 per litre, figures that are now broadly level with or above what most depots and the Dangote Refinery are currently charging.MEMAN data shows Nigeria’s petrol landing cost Photo: BloombergImagesDepot and Refinery Pri…

…the cost of transportation and logistics, while businesses that depend on petrol and diesel for power generation could face higher operating expenses. The post Fresh petrol price hike looms as depot rates hit N1,290 appeared first on Vanguard News.

…in the Strait of Hormuz, putting further pressure on global oil prices. On Wednesday, diesel prices in the United States surged by almost 7 per cent to $4.71 per gallon. Consequently, United States President Donald Trump held a White House meeting with energy sector stakeholders on Tuesday to quell the inflationary spi…

…The vessels are expected to discharge cargoes comprising bulk urea, petrol, crude oil, diesel, bulk fertiliser and bulk wheat. The NPA further disclosed that 19 other vessels were currently undergoing cargo discharge operations at the ports. Their consignments include bulk urea, containerised goods, general cargo, bulk…

…have to factor it into the way you run your business. For instance, if you have to buy diesel to power your factory, everybody understands that the diesel is being purchased to keep the factory running. If your profit margin is N10, and you remain consistent, maintain proper accountability and exercise discipline in yo…

…barrel of crude? A barrel yields other products, such as aviation fuel, kerosene, and diesel, which were deregulated many years ago. ‘’Diesel, which the Obasanjo-Atiku administration deregulated in 2004, accounts for roughly 25% of the barrel. Jet fuel and kerosene make up about 9% of the barrel. Kerosene and jet fuel…

…crude produces several other petroleum products apart from petrol. Onanuga cited diesel, aviation fuel and kerosene among the products derived from crude oil, and asked whether Atiku’s proposed subsidy would extend to those products as well. “Jet fuel and kerosene make up about nine per cent of the barrel. Kerosene and…