Entries by AllAfrica News: Petroleum

Malawi: Malawians Erupt Over Minister’s Defence of Fuel Price Hike As Cost-of-Living Crisis Deepens /in /by

[Nyasa Times] Malawians across the country have reacted with growing anger and frustration to remarks by Minister of Energy and Mining, Jean Mathanga, who has defended the recent 34 percent increase in fuel pump prices--a move that has already sent sho...

Kenya: Fuel Prices Set to Rise in May Dependent On Global Market Pressures /in /by

[Capital FM] Nairobi -- Fuel prices in Kenya are set to increase in May, driven by volatility in global oil markets linked to the ongoing Middle East conflict, even as the government moved to calm fears over the country's economic stability.

Uganda: Nankabirwa Assures of Fuel Stability Amid Price Pressures /in /by

[Nile Post] The Minister for Energy and Mineral Development, Ruth Nankabirwa, has assured Parliament that Uganda has sufficient fuel reserves to last more than two months, with additional May supplies already arriving at regional ports in Kenya and Tan...

Malawi: MERA Defends Crushing Fuel Hike As Malawians Brace for Economic Shock /in /by

[Nyasa Times] The Malawi Energy Regulatory Authority (MERA) has moved to justify a steep and punishing increase in fuel prices, pushing petrol to K6,672 per litre and diesel to K6,687--an escalation of 34 percent and 35 percent respectively that is set...

Mozambique: Frelimo Demands Measures to Deal With Fuel Crisis /in /by

[AIM] Maputo -- Mozambique's ruling Frelimo Party has demanded that the government take measures to deal with possible fuel shortages.

Sudan: Sudan and Escalating, Crippling Fuel Prices /in /by

[Ayin Network] Despite the ongoing inflation since the outbreak of the April 2023 war, Sudanese people in army-controlled areas are facing an increase in the prices of petroleum products, including cooking gas and fuel, according to data from the energ...

Nigeria: Afreximbank Underwrites $2.5bn Loan for Dangote Refinery /in /by

[Daily Trust] African Export-Import Bank (Afreximbank) says it has underwritten $2.5billion out of a $4billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals FZE (DPRP).

Tanzania: Bolt Engages Stakeholders Over Fuel Surge /in /by

[Daily News] Dar es Salaam -- Bolt Tanzania has said it is actively engaging with relevant authorities and other stakeholders following a sharp 33 per cent increase in fuel prices, as the ride-hailing platform moves to assess the full impact on its ope...

Nigeria: Rising Fuel Prices Drive Ev Adoption in Nigeria, Say Experts /in /by

[This Day] Abuja -- Rising fuel costs are pushing Nigerians towards electric vehicles (EVs), as industry players, financiers and policymakers say lower running costs and flexible financing are making the shift increasingly practical.