Gasoline prices, Octane-95, 30-Dec-2024: The average price of gasoline around the world is 1.23 U.S. Dollar per liter. However, there is substantial difference in these prices among countries. As a general rule, richer countries have higher prices while poorer countries and the countries ...
“The net effect is that you are going to have an environment where Nigeria becomes the hub of petroleum products and supply. It’s going to change the dynamics of petroleum supply globally in the sense that the flow is coming from Europe today and it is going to be reversed to some oth...
In Nigeria, little emphasis is paid to conservation as Nigerians are perceived to have a wasteful lifestyle, especially in the utilization of petrol in the transportation sector. The high consumption of petrol (gasoline), especially in Lagos State could be due to low petrol prices due to ...
Also, in March 2020, the Nigerian government approved the gasoline price cut to NGN 125 per liter from its previous price of NGN 145 per liter using the price modulation mechanism. The price trends of petrol in Nigeria will follow the global crude oil price trends. ...
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ve not seen the industry like this for a very long time and it’s affecting those of us who are operators. We are not happy because it’s affecting our mood. My facility in Oghara has stocked out. All my facilities are all stocked out. It’s a tough one but I think Nigeria will ...
On the World Day for Cultural Diversity for Dialogue and Development, Asuquo said Nigeria remained an indivisible entity irrespective of our ethnic, religious and cultural differences. “Today is diversity day; the DPR sets aside diversity in culture, gender, religion, style, grade and people; it...
“When the price of crude oil goes up in the international market, expect petrol scarcity as long as we still run a regulated market in the downstream sector,” not my words, Kachikwu’s. “Because Nigeria still can’t refine the crude it produces, Nigerians would have ...
Gasoline prices, Octane-95, 02-Dec-2024: The average price of gasoline around the world is 1.24 U.S. Dollar per liter. However, there is substantial difference in these prices among countries. As a general rule, richer countries have higher prices while poorer countries and the countries ...