The Federal Government has announced 10 measures to cushion the impact of rising petrol prices and protect households, businesses and transport users from further price shocks. The measures were outlined by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Thursday during a press brief…

Depot operators in Warri, Port Harcourt and Calabar raised petrol 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 o…

PRP presidential candidate Donald Duke told Channels Television he had a plan to cut petrol prices significantly for NigeriansDuke argued that petroleum products for local consumption should be priced based on production costs, not international market ratesThe former Cross River governor outlined a crude oil allocatio…

MRS and Ardova filling stations in Lagos have reduced petrol prices to N1,355 per litre from N1,370 and aboveAA Rano, Ranoil and other filling stations in Abuja have cut their prices to N1,400 per litre from N1,420The latest reductions follow Dangote Refinery’s N25 cut in its gantry petrol price to N1,325 per litrePAY…

…logistics and retail margins are added.Transportation costs add to the burdenRising petrol prices have pushed up transportation costs across the country, adding further strain on the LPG supply chain and, by extension, on consumers.Adenike Osho, a consumer in Lagos, told Legit.ng that households had not yet recovered f…

…said the decline in crude oil prices should translate into a significant reduction in petrol prices. He expressed concern over the continued impact of high fuel costs on household expenses and businesses. “Mr President, during his Independence Day speech said he will do more to address the high cost of living, energy i…

…The council had threatened industrial action if the Federal Government failed to reduce petrol prices to N500 per litre and approve a new wage award for workers. The post ‘This govt doesn’t engage’ — Ajaero accuses Tinubu’s admin of disconnect from NLC appeared first on Vanguard News.

…Nigerians are yet to see tangible benefits from the policy despite the sharp increase in petrol prices. Speaking with newsmen in Abeokuta on Saturday, Babajide said Nigerians were currently buying petrol at between N1,400 and N1,500 per litre without experiencing corresponding improvements in their living conditions. “…

…filling station.G7 releases reserves to cool pricesMarketers and Dangote Refinery slash petrol prices as UK faces the highest-ever diesel rates. ImagesMeanwhile, G7 countries agreed to coordinate the release of 100 million barrels of oil and petroleum products through the International Energy Agency.The release will be…

…purchasing power and slower orders squeeze marketers’ cash flow, even as wholesale petrol prices fallCrude price swings, inventory costs and aggressive bargaining complicate pricing, and do not alone prove market manipulationPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your…

…and GistReel. Email: ankrah.shalom@corp.legit.ng. Tags: Nigerian YouthsDiaspora Hot: Petrol prices Nigerian agricultural quarantine service Love messages girlfriend Naruto female characters {{content}} {{web_article_infinite_1}} {{jsonLd}} Loading...

…viral video while questioning why some Nigerians who previously criticised Jonathan over petrol prices are now defending Tinubu despite the higher cost of fuel. He recalled that petrol sold for ₦98 under Jonathan and said some Nigerians protested at the time, accusing the former president of poor economic management. “…

…to ₦1,370 per litre, down from ₦1,395 per litre.After NNPC, MRS filling stations cut petrol prices by N25 per litre. OilImagesThe new price was observed at MRS outlets in Katampe and along the Lugbe Expressway in Abuja, bringing some relief to motorists struggling with elevated fuel costs.PAY ATTENTION: From breaki…

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

…or guarantee immediate reductions at filling stations across Nigeria.Dangote crashed petrol prices below landing costsLegit.ng earlier reported that Oil marketers are increasingly lifting petroleum products from the Dangote Petroleum Refinery as the cost of importing petrol and diesel remains above the refinery’s selli…

…Nigerian floor wage is for workers facing today's prices.He also stressed that high petrol prices ripple through the wider economy, driving up the cost of food, transport and household goods."Petrol does not stay at the pump. Its price follows the farmer to market, enters the baker's oven and appears in the fare a pare…

…Isaac Fayose has criticised Edo State Governor Monday Okpebholo over his comparison of petrol prices in Nigeria and the United Kingdom (UK). Okpebholo recently revealed that he bought petrol during a trip to London and discovered that it cost about ₦3,000 per litre, compared with the roughly ₦1,500 Nigerians were payin…

…domestic refining capacity expands.The impact goes beyond motorists. Higher diesel and petrol prices raise transportation and logistics costs, increase the cost of moving food and goods, and put pressure on manufacturing, construction, agriculture and electricity generation where businesses rely on self-generation.Othe…

…with in-depth knowledge of the Nigerian economy, stocks, and general market trends.Petrol prices across Nigeria have climbed sharply after Dangote Petroleum Refinery raised its wholesale gantry price from N1,265 to N1,350 per litre, pushing pump prices at major filling stations to new highs in Lagos, Abuja, and Ogun St…

…the surge in international crude oil prices above $100 per barrel which is pushing up petrol prices across Nigeria, with major marketers raising pump prices and creating fresh pressure on transporters, commuters, households and businesses. Another headline features the Dangote Petroleum Refinery opening its landmark N2…

Petrol prices climbed to between N1,400 and N1,450 per litre across major Nigerian cities, Legit.ng checks showedThe Centre for the Promotion of Private Enterprise pushed back against calls to restore the universal fuel subsidy regimeCPPE CEO Dr Muda Yusuf urged the government to channel subsidy savings into transport,…

…has intensify pressure on downstream operators and triggered further adjustments in petrol prices across the FCT. The implication is that motorists could face higher prices at filling stations in the coming weeks, higher cost of transportation and more financial burden on households. Checks by the News Agency of Nigeri…

…petrol landing cost climbed to N1,314.67 per litreSeveral depots raised ex-depot petrol prices for the second time in under a weekRenewed US-Iran tensions and risks around the Strait of Hormuz are pushing global crude prices toward the $100 per barrel markPAY ATTENTION: Mark Legit.ng as a preferred source, and our cont…

…targets near the Strait of Hormuz rattled global oil marketsDangote Refinery raised its petrol gantry price three times in nine days, bringing the cumulative increase to N100 per litreNNPCL is now selling petrol at N1,299 per litre in Lagos and up to N1,345 per litre in parts of Abuja as wholesale costs climbPAY ATTENT…

…hike comes after Dangote Refinery and depot owners raised their gantry and ex-depot petrol prices. Reacting, Maigandi urged the Federal Government to broker a deal with Dangote Refinery as part of its intervention to reduce fuel pump prices nationwide. According to him, the Federal Government’s intervention in the down…