Business Oil & Gas Top Story

Dangote Refinery blames petrol price increase on global crude oil surge

Dangote Petroleum Refinery has addressed the recent increase in petrol prices, attributing it to the sharp rise in global crude oil prices. Anthony Chiejina, Group Branding and Communications Officer emphasised that the refinery’s ex-depot price adjustment from ₦899.50 to ₦950 per litre is a direct response to the 15% surge in Brent Crude prices, which Read More…

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Business Inflation Top Story

Significant price escalation witnessed across fuel types in October 2023, reports NBS

The National Bureau of Statistics (NBS) has released its comprehensive reports on fuel prices, revealing an alarming surge in October 2023 compared to previous years. The average retail price of petrol experienced a substantial upswing from N195.29 in October 2022 to a staggering N630.63 in the same month of 2023, marking a significant 222.92 per Read More…