He added,“I can assure you that fuel will be sold at about ₦900.00 and below ₦1000.00 (per litre). “Once PMS (fuel) is supplied to us directly from NNPC, I can assure you the product will be sold at a reasonable price with a reasonable margin. “Again, we are also appealing...
in court, at last Nigeria: Former governor Bello pleads not guilty to $60m fraudFormer Nigerian governor Yahaya Bello claimed he had refused to appear before the court because his lawyers were challenging its jurisdiction. fine line What is Akufo-Addo’s legacy? IMF, galamsey, e...
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Nigeria said in March that it had ended costly fuel subsidies, and announced in September it was no longer fixing pump prices. Since then, Lagos prices have risen to just over 160 naira per litre ($0.42/liter) from 145 ($0.38/liter). But state oil company NNPC remains the country'...
NIGERIA An off-the-cuff remark by Nigeria's new president during his inaugural speech caused chaos with snaking queues across the country at petrol stations. After he had been sworn in on Monday, Bola Tinubu took his eyes off the teleprompter during his address to say: "The fuel subsidy is...
296) (An average fuel tax in the US of 8.6 Euro-cents per litre of unleaded petrol for the third quarter of 2008 is equivalent to 50 cents per gallon). View article Fuel Economy Initiatives: International Comparisons Steven Plotkin, in Encyclopedia of Energy, 2004 3.2 United States In the ...
Kyari said the pump price of petrol would be N300, if the government were to remove subsidy today, stating that the NNPC pays about N170 per litre on the fuel consumed by Nigerians. Ironically, THISDAY recalls that in the last few weeks many Nigerians have bought the product fo...
Africa’s second biggest crude oil producer earlier this month joined its larger continental rival Nigeria in reducing gasoline subsidies, almost doubling pump prizes and triggering protests. The subsidy cut nearly doubled the gasoline price to almost 300 kwanzas ($0.4781) per litre, although that ...
He said: “The price of crude oil has surpassed $120 per barrel; the price of diesel has gone up to N730 per litre. “I do not know what anybody can do at the moment to push down the price. Nigeria is currently broke, and in a situation like this, the country is borrowing mo...
per litre *Average Fuel Price based on the previous 12 months data Highest price €2.12 per litre 06-06-2022 Data Collected 05-12-2024 France has its own oil companies in the North Sea, Latin America and Africa but aims to phase out exploration & production overseas by 2040 in its effort...