Rising Crude Oil Prices Signal Potential Fuel Cost Hikes in Nigeria
Fuel prices in Nigeria may increase in the coming days as the global benchmark for crude oil, Brent, surged to $79.76 per barrel on Sunday. This marks a significant jump from the $72.88 per barrel recorded in December 2024, raising concerns about higher…
Enugu Gov’t Issues Stern Warning To Petroleum Marketers Over Indiscriminate Price Hike
The Enugu State government has frowned at the indiscriminate price hike of Premium Motor Spirit by petroleum marketers in the state. Hobnob news observed that long queues surfaced in the state on Tuesday over a news of possible fuel scarcity and some…
NLC Chides World Bank, Warns FG Against Heeding ₦750/Litre Proposal
The Nigeria Labour Congress, on Thursday chided the World Bank over its charge to the Federal Government to increase the pump price of Premium Motor Spirit popularly called petrol to N750/litre. NLC Head of Information, Benson Upah, in an interview with…
President Bola Tinubu Hints at Local Refineries to Begin Petroleum Production, Promising Reduction in Fuel Prices
President Bola Tinubu has once again hinted at the imminent production of petroleum products by local refineries in Nigeria. This comes after the President had previously declared that the Port Harcourt refinery would resume operations by December…