File: A tanker discharging Automotive Gas Oil at a filling station in Lagos, Nigeria Fuel marketers in Nigeria have increased the price of Automotive Gas Oil, also known as diesel, to N320 per litre as the further rise in global oil prices and naira depreciation pushed up the cost of importing
Oil & Gas
WACT Lifts Onne Port in Port Harcourt with $10m Facility Upgrade
Onne Port, Port Harcourt, Nigeria The West Africa Container Terminal (WACT) has launched two new Mobile Harbour Cranes (MHCs) worth $10 million (N3.6billion) for the discharge of cargoes at the terminal. This followed the increased vessel traffic experienced at eastern ports due to the recent diversion of cargoes because of the traffic
Air traffic at Amsterdam still disrupted after fuel outage
AMSTERDAM, (Reuters) - Air traffic at Amsterdam Schiphol airport was still disrupted on Thursday after an outage at its main fuel supplier left thousands of passengers stranded at the airport the day before. Dutch Air France subsidiary KLM, the main airline at Schiphol, said it had cancelled 61 flights to and
Reprieve as Kenyan Parliament Suspends 16% VAT on Fuel
Nairobi - Parliament on Wednesday afternoon voted to suspend by two more years the introduction of 16% tax on petroleum products that was to come into effect on Saturday September 1, 2018. The move effectively shielded poor household from a spike in the cost of living. The mover of the motion Minority
South Africa’s Fuel Price Meeting Blames Petrol Cost Hikes on Exchange Rates, Venezuela Instability
Cape Town - Energy Minister Jeff Radebe has presented several reasons why South Africans have to pay more at the pumps during an Energy Portfolio Committee meeting. The session comes a week after it was scheduled to be held, the delay blamed on "miscommunication" by an official who faces disciplinary
Fuel Prices to Go Up in Namibia
Egypt increases fuel prices, as part of austerity measures
Egypt announced Saturday steep increases in fuel and cooking gas prices as part of the country’s economic reforms and austerity measures designed to overhaul the country’s ailing economy. The new prices went into effect Saturday morning, the Ministry of Oil said in a statement. Prices for cooking gas increased from 60 to
Nigerians Buying Petrol at 41.3% Less of Actual Cost – Government
The actual price of Premium Motor Spirit, PMS, also known as petrol, climbed to N205 per litre, according to documents obtained from the Petroleum Products Pricing Regulatory Agency (PPPRA), Vanguard newspaper reported According to the documents from the PPPRA, the price of the commodity appreciated by 8.47 percent from N189 per
U.S. diesel fuel prices highest since 2015
U.S. diesel fuel prices highest since 2015 The average price for a gallon of on-highway diesel fuel hits $3.104, with prices the highest in California, according to the U.S. Energy Information Administration. The average price for a gallon of on-highway diesel in the United States stands at $3.104 per gallon, the U.S.
How petrol was Sold to Nigerians at N163 per litre in March – NBS
... as CBN blame high prices of petroleum products on the absence of efficient refineries in the country. The National Bureau of Statistics on Wednesday released the Premium Motor Spirit (petrol) price watch for the month of March, which showed how the product was sold to Nigerians an average price of N163.4