•Sri Lanka President Anura Kumara Dissanayake Sri Lanka today cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices in the import-dependent nation. The state-run Petroleum Corporation said it will lower diesel by 25 rupees a litre to 382 rupees ($1.15), while […]
Stakeholders in Nigeria’s economy have implored refiners, depot owners, and fuel importers to reduce their prices. They say international crude oil prices have dropped, so pump prices and ex-depot costs should also be reduced, reports Daily Independent. The National President of The Petroleum Products Retail Outlets Owners Association of Niger...
India’s state-run oil companies raised petrol and diesel prices by more than three percent today as disruption to energy supplies due to the Iran war mounts pressure on the economy. The increase marks the first hike in automobile fuel prices in India since the war broke out in February, prompting Iran’s near-total blockade of the […]...
•Dangote fuel trucks Fresh concerns over a global economic shock are mounting as oil prices surged sharply yesterday following escalating tensions in the Middle East and the emergence of Mojtaba Khamenei as Iran’s new supreme leader. Following the global oil crisis, the Managing Director/Chief Executive Officer of Dangote Refinery and Petroche...
•Ecuador’s President Daniel Noboa next to one of the attacked vehicles in his motorcade today Ecuador’s President Daniel Noboa escaped unharmed after his motorcade was targeted by stone-throwing protesters and what one minister described as a volley of gunshots yesterday. Noboa was inaugurating a water treatment plant in central Ecuador when ...
The nationwide distribution of petroleum products has been paralysed as the strike by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) against the Dangote Refinery enters its second day, forcing depots across the country to remain shut. Checks by our correspondent revealed that strict enforcement of the strike—supported by allie...
•Falana Chairman of the Alliance on Surviving COVID-19 and Beyond (ASCAB), Femi Falana, SAN, has stated that the Nigerian National Petroleum Company Limited (NNPCL) does not have the legal authority to set the price of petrol in Nigeria. In a statement, Falana referred to remarks made on September 5, 2024, by the Executive Vice President [&hel...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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