Tag
FUEL PRICE
Analysts at Comercio Partners have noted that the ongoing oil-related tensions between Israel and Iran might affect global crude oil supply, which could impact Nigeria’s economy negatively.
In this article, Nairametrics highlighted the top ten states where consumers paid the most for petrol as of September 2024, listed from the lowest to the highest.
Nigeria is projected to experience a further rise in inflation rates in September 2024, largely driven by a significant hike in gasoline prices.
The last figures I saw showed inflation, particularly food inflation, inching close to 40%, while other headline inflation rates were averaging in the late 30s.
Filling stations operated by the Nigerian National Petroleum Corporation (NNPC) Limited have increased the pump price of fuel again.
The petrol lifting from Dangote Refinery aligns with the federal government’s statement that the refinery would begin distributing petrol to NNPC on September 15, 2024.
Fuel pump prices recorded a 226% increase between September 2022 (N191.65) and September 2023 as Nigerians paid an average of N626 per litre for fuel in September 2023.
Nairametrics has conducted checks that reveal some growing trends across the country as a result of the increase in fuel pump price from an average of N540 per litre to over N600 per litre.
Fuel prices in Nigeria have risen by 150% to 200% following the removal of fuel subsidies, leading to skyrocketing energy costs.
Presidential candidate of the Zenith Labour Party (ZLP), Chief Dan Nwuanyanwu, told Channels Television during a recent interview,...
Economists are of a consensus that there would be a spike in the cost of living if the government were to remove fuel subsidy today.
The Independent Petroleum Marketers of Nigeria (IPMAN) has blamed the increase in the pump price of petrol in...