petroleum

Fuel prices across Nigeria have jumped sharply, with petrol reaching N1,300 per litre in some markets as Dangote Refinery raises ex-depot prices to N1,175 amid escalating global crude costs driven by Middle East geopolitical tensions.

Federal Competition and Consumer Protection Commission identifies N405,000 fare gaps on domestic routes during festive season, while petrol prices show 17.77% annual decline amid regional disparities and sluggish budget capital releases.

NNPC Limited's leadership visited the 650,000 bpd Dangote Refinery complex in Lagos to formalize operational coordination, marking a critical step in Nigeria's efforts to reduce refined product imports and stabilize domestic fuel supply.

Africa's largest refinery has achieved its initial design capacity of 650,000 barrels per day, positioning Nigeria to reduce refined product imports and potentially reshape regional petroleum markets.

Africa's largest refinery operator has signed a major equipment deal with China's XCMG Construction Machinery, targeting a 40% capacity increase that would position the facility among the world's top petroleum processing plants.

Kenya's Energy and Petroleum Regulatory Authority continues monthly petroleum price adjustments while developing new marine refueling regulations and publishing LPG depot safety assessments, signaling enhanced sector oversight.