Nigerians, grappling with the fallout from a recent fuel price hike by the Nigerian National Petroleum Company (NNPC) Limited, are beginning to see signs of relief. A gradual reduction in…
Petrol
Petrol, also known as gasoline, is a flammable liquid derived from crude oil. It serves as a primary fuel for internal combustion engines in vehicles. Its composition includes hydrocarbons and various additives, optimizing performance and emissions in modern engines.
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Oil marketing companies (OMCs) continue to update fuel prices daily at 6 a.m., responding to fluctuations in global crude oil prices and currency exchange rates. Despite the inherent volatility in…
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WTI crude oil prices have gained momentum following a rebound from the support zone around $66.85 per barrel. The price is now approaching a critical zone in the middle of…
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Almost five years after BP launched an ambitious strategy to transform from an oil giant to a low-carbon energy leader, the British company is reversing course. With its share price…
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As of today, November 18, 2024, oil marketing companies (OMCs) have updated the prices for petrol and diesel, a regular practice carried out daily at 6 a.m. The fluctuations in…
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The Dangote Petroleum Refinery has reached an agreement to supply 60 million litres of Premium Motor Spirit (PMS) weekly to members of the Independent Petroleum Marketers Association of Nigeria (IPMAN),…
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Diesel Exhaust Fluid, commonly referred to as DEF, has become a crucial component in modern diesel engines to reduce harmful emissions and comply with strict environmental regulations. As more regulations…
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Nigeria’s 2025 budget is facing significant challenges as the Federal Government aims to rely heavily on oil revenue, but OPEC’s production quotas and global market fluctuations cast a shadow over…
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Global and U.S. oil production are expected to reach slightly higher record levels than previously predicted this year, according to the U.S. Energy Information Administration (EIA). Despite this surge in…
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Mid-month data from the Central Energy Fund (CEF) suggests that South African motorists could see a mixed bag of fuel price changes as December approaches, with petrol set for a…