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.
Industries
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
Trade dispute escalates as Trump threatens China with $100 billion more in tariffs, China says will fight back ‘at any cost’
Shipping containers are being loaded onto Xin Da Yang Zhou ship from Shanghai, China at Pier J at the Port of Long Beach in Long Beach, Cali China warns it would fight back “at any cost” President Donald Trump on Thursday directed U.S. trade officials to identify tariffs on $100 billion more Chinese
U.S.-China trade war could hit German automakers, plus Tesla, Ford
2019 Mercedes-Benz G Class Escalating trade tensions between the United States and China may dent production of German luxury SUVs made in the U.S. South and sent to China, with exports from electric vehicle maker Tesla Inc. and Ford Motor Co. also vulnerable. If a tit-for-tat tariff dispute between the two countries erupts into
U.S. expects talks with China as trade fight escalates
The United States voiced willingness on Wednesday to negotiate a resolution to an escalating trade fight with China after Beijing retaliated against proposed U.S. tariffs on $50 billion in Chinese goods by targeting key American imports, but the Chinese ambassador to Washington said it “takes two to tango.” Just 11 hours
Petrol demand hits 50 million litres daily, NNPC incurs N24bn monthly as subsidy
The Nigerian National Petroleum Corporation on Sunday announced that it was spending N774m daily (about N23.99bn monthly) as subsidy on the 50 million litres of Premium Motor Spirit consumed across the country. Although it described the amount as under-recovery, the oil firm stated that the amount was due to the proliferation
Petrol queues may not disappear soon, Nigeria’s oil minister
20 vessels laden with petroleum products for Lagos ports
Fuel scarcity may continue, worsen – IPMAN warns
Says NNPC has no capacity to meet the nation’s total petrol demand Ilorin, Nigeria - The Independent Petroleum Marketers Association of Nigeria has warned that the ongoing scarcity of petrol, which started since December 2017 may continue if the right steps are not taken by the authorities to address the problem. The
Reps demand N800bn supplementary budget for fuel marketers
The House of Representatives is unhappy over the lingering scarcity of petrol in the country and has asked the Executive to submit a N800bn supplementary budget to the National Assembly to offset the debts allegedly owed fuel marketers. The House Committee on Petroleum Resources (Downstream) stated in Abuja on Sunday that