Entries by AllAfrica News: Petroleum

Nigeria: How Fuel Subsidy Removal Worsened Nigerian Poverty Levels – Report /in /by

[Premium Times] Nigeria's recent policy reforms, including fuel subsidy removal, have worsened poverty, highlighting the need for stronger social protection programmes to support vulnerable households.

Nigeria: NNPC Cuts Petrol Price By N100 in Lagos, N95 in Abuja /in /by

[Daily Trust] The Nigerian National Petroleum Company Limited has reduced the pump price of petrol at its retail outlets to N1,130 per litre in Lagos and N1,165 per litre in Abuja.

West Africa: Nigeria Week Ahead – Equities Sink, Oil Surpasses $100, Cpi in Focus /in /by

[Daily Trust] Oil prices spiked to just above $120 over the weekend as escalations of the Israel -US-Iran war intensified, with key energy installations targeted.

Sudan: Ministry of Energy Issues Important Clarification Statement On Petroleum Supplies /in /by

[SNA] Khartoum, March 11, 2026 (SUNA) - The Ministry of Energy stated that it has taken note of reports circulated by certain media outlets that contained inaccurate interpretations of remarks made by the Minister of Energy, Engineer-Consultant Al-Mu't...

Nigeria: Countries Agree On Historic Release of Crude Reserves to Lower Oil Prices /in /by

[Premium Times] Countries belonging to the International Energy Agency have agreed to release 400 million barrels of emergency oil reserves to stabilise global markets amid supply disruptions caused by the escalating Middle East war.

Nigeria: Price Reduction to Ease Burden On Consumers – Dangote Refinery /in /by

[Vanguard] The management of Dangote Petroleum Refinery has said the latest price reduction was to reduce the sufferings of Nigerians.

Nigeria: NMDPRA Still Issuing Fuel Import Licences Despite to the Contrary – Dangote /in /by

[This Day] President of the Dangote Industries Limited (DIL), Aliko Dangote, yesterday maintained that Nigeria's downstream regulator is still issuing licences for the importation of petrol despite public claims to the contrary, warning that the practi...

Mozambique: No Change in Fuel Prices Until Late April /in /by

[AIM] Maputo -- The Mozambican government has pledged that retail fuel prices will not rise until at least the end of April, despite the US-Israeli aggression against Iran, and the subsequent closure of the Strait of Hormuz.

Ghana: Middle East Conflict Could Boost Ghana’s Oil Revenue – – Economist /in /by

[Ghanaian Times] Economist Dr Adu Owusu Sarkodie has stated that the escalating war in the Middle East could unexpectedly increase Ghana's revenue if global oil prices continue to rise.

Nigeria: US Ultimate Goal Is Oil Control, Not Peace – Iranian Envoy /in /by

[Daily Trust] The Iranian Ambassador to Nigeria, Gholamreza Mahdavi Raja, has accused the United States of using the ongoing conflict with Iran to secure control over the country's energy reserves, describing Washington's actions as driven by "hegemoni...