Petroleum
Oil giant, Saudi Arabia, records $29bn deficit in Q2 as oil demand continues to fall
World oil-producing giant, Saudi Arabia, has recorded an oil revenue deficit of $29 billion for the second quarter of the…
Price fixing not consistent with deregulation — LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has condemned the Petroleum Products Pricing Regulatory Agency for continuing to fix…
Nigeria’s petrol-dollar receipts stand at $206bn in five years – OPEC
The Organisation of Petroleum Oil Exporting Countries (OPEC), said Nigeria's treasury was boosted by $206.06bn petrol-dollar receipts arising from crude…
New fuel price band signals Nigeria’s gradual exit from subsidy regime
After decades of an opaque, flawed and corruption-laden petrol subsidy regime, a new pump price band advised by the Petroleum…
Oil prices drop on prospect of returning Libyan supplies
Oil prices fell on Tuesday amid rising COVID-19 cases and a possible return of Libyan oil production, which has been…
FG explains why marketers can’t exclusively determine petrol prices
The federal government has shed more light on what it described yesterday as the full deregulation of the downstream petroleum…
Fuel consumption hits 67.66 million litres/day, subsidy gulps N10.1bn
The average daily consumption of petrol has hit 67.66 million litres, indicating an increase of 33.89 million litres when compared…
The Daily Newsletter
