NNPCL has reduced its petrol pump price for the second time in four days, lowering costs at some Abuja retail outlets amid falling crude oil prices. The Nigerian National Petroleum Company Limited (NNPCL) has announced another reduction…

Nigerian households and businesses continued to face mounting energy costs in May 2026 as the prices of major petroleum products remained significantly above year-earlier levels, reinforcing concerns over inflation, transportation costs and…

Africa’s consumption of refined petroleum products is expected to surge significantly over the next three decades, positioning the continent as a major driver of global fuel demand growth, according to the African Energy Chamber’s…

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 13.75% on a month-on-month basis from N6,521.58 recorded in April 2024 to N7,418.45 in May 2024, the National Bureau of Statistics…

Poor Consumers Pay More, as Kerosene Price Hits N1,362 Per Litre Consumers of Household Kerosene (HHK) paid more to put food on their tables; as prices surged past those of petrol, diesel and cooking gas last December, hitting an average…

The price of household Kerosene, also known as cooking kerosene skyrocketed by over 100 percent in one year. The latest data from the Nigerian Bureau of Statistics for November showed the average retail price of kerosene per litre rose…

Kenya has scrapped a subsidy on petrol a day after new President William Ruto said subsidies were unsustainable, in a move that could add to upward pressure on inflation. Some of the key challenges the new president faces include…

India, Netherlands and Spain have now filled the vacuum left by the United States as top buyers of Nigeria’s crude oil, according to a document obtained from the Nigerian National Petroleum Corporation (NNPC) yesterday. The countries were…

UMORU ABDULKADIR Diesel, Kerosene and Liquefied Petroleum Gas consumers in the country paid more for the product in the month of December 2019. This was disclosed by the National Bureau of Statistics (NBS) in its latest report on the…

The Petroleum Products Pricing Regulatory Agency (PPPRA) on Monday said current data showed the federal government is currently subsidizing the supply of every litre of petrol with about N21.22. The Executive Secretary of the agency,…