Tag: #FuelPrices
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TINUBU MOVES TO SHIELD NIGERIANS FROM MIDDLE EAST CRISIS FALLOUT
Global crisis, local pain and now the government says it’s stepping in to soften the blow.President Bola Ahmed Tinubu has ordered urgent measures to cushion the impact of the ongoing Middle East crisis on Nigerians — especially as rising fuel prices continue to bite. Speaking in Yenagoa, Tinubu directed key officials, including the Finance Ministry…
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NAMIBIA’S WESTAIR GROUP SLAPS FUEL SURCHARGE AS GLOBAL PRICES SPIKE
Rising global fuel costs and supply pressure are forcing airlines to adjust fares to stay afloat. Namibia’s Westair Group has introduced a fuel surcharge across its services, citing ongoing global fuel price volatility and supply disruptions affecting the aviation industry. In a statement, the company said geopolitical tensions, particularly the conflict in the Middle East,…
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LOCAL REFINERIES WON’T SHIELD NIGERIA FROM GLOBAL FUEL PRICE SHOCKS — CPPE
Even with domestic refineries coming on stream, Nigeria may still feel the heat of global fuel price swings, according to the Centre for the Promotion of Private Enterprise (CPPE). Dr. Muda Yusuf, founder of CPPE, explained that crude oil—the main raw material for refining—is priced using international benchmarks, meaning local refineries cannot completely escape global…
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FUEL PRICE HIKE LINKED TO MARKET FORCES – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority says the recent jump in fuel prices is driven by market dynamics, not government interference. Spokesperson George Ene-Ita explained that under Nigeria’s *deregulated petroleum sector, pump prices respond to supply and demand. Premium Motor Spirit, previously N875–N880 per litre, now sells between *N960 and N1,000 at independent…
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PETROAN CALLS FOR URGENT BOOST TO NIGERIA’S REFINERIES AMID MIDEAST CRISIS
Nigeria’s Petroleum Products Retail Outlets Owners Association (PETROAN) is urging the government to strengthen domestic refineries and ensure a steady crude supply, warning that the ongoing Middle East tensions could spike fuel prices and disrupt the local market. Dr. Billy Gillis-Harry, PETROAN President, said the crisis around the Strait of Hormuz has already sent global…
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GULF CRISIS COULD SPIKE FUEL, FOOD PRICES — ECOWAS WARNS NIGERIA, WEST AFRICA
A conflict thousands of kilometres away could soon hit wallets across West Africa. The Economic Community of West African States (ECOWAS) has raised alarm over escalating hostilities in the Gulf region, warning that a prolonged crisis could drive up fuel and food prices in Nigeria and neighbouring countries already grappling with inflation and currency pressures.…
