Tag Archives: Fuel

Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah has hinted that prices of petroleum products may continue to rise for the next two to three months. Oil Marketing companies over the weekend made upward adjustments to the prices of fuel at the pumps by between 3% to …

The immediate past National Premix Committee Chairman, Mr. John Quayson, popularly known in the fishing industry as ‘Maanoma’ has shared his frustration over the persistent occurrence of premix fuel diversion despite the Vice President’s recent commissioning of the Premix Automation Fuel Dispensary and Monitoring System on September 5, 2023 at …

The Chamber of Petroleum Consumers (COPEC) has predicted a marginal increment in fuel prices in this pricing window [July]. According to the Executive Secretary of COPEC, Duncan Amoah, petrol and diesel prices are expected to see an increment of 2.6% and 2.4% respectively at various pumps. He however noted that …

Angolan President João Lourenço has dismissed the country’s Minister of Economic and Social Development, Manuel Nunes Júnior, in the midst of widespread protests sparked by the government’s decision to eliminate fuel subsidies. The move to end subsidies, aimed at reducing government spending, went into effect on June 1, causing a …

Nigeria is grappling with fuel shortages as winding queues reappear at filling stations across major cities, following President Bola Tinubu’s announcement to eliminate fuel subsidies. Citizens in cities like Lagos and Abuja are now paying significantly higher prices, with rates soaring from 185 naira to as much as 600 naira …

Nigeria’s dollar bonds rallied after President Bola Tinubu scrapped the nation’s $10 billion fuel subsidy program and announced plans to adopt a uniform exchange rate. Debt due in 2047 jumped 3.3% to 66.750 cents on the dollar by 10:10 a.m. in London. Bonds due in 2049 gained 2.9% and those …

There are reports that more than a dozen persons have died in a fatal road crash on the Accra-Cape Coast Road. The crash, said to have happened at Gomoa Okyereko in the Central Region, is reported to have happened between an Accra-bound Youtong bus, and a fuel tanker with the …

The operatives of the Force Criminal Investigations Department (Force-CID), Lagos Annex, Alagbon, have arrested two suspects, Tope Ojo “m” and Nojeem Haruna “m” for their complicity in a case of economic sabotage and diversion of aviation fuel valued about forty-six million Naira.   A statement released by the public relations …

Kenyan president William Ruto has announced that the dollar exchange rate in the East African nation will plummet soon citing a number of economic interventions. Key among them is that his country was currently buying their fuel needs in the local Kenyan Shillings from some suppliers. In a video circulating …

John Abdulai Jinapor, Member of Parliament for Yapei Kusawgu has revealed that Fuel Marking Margin (FMM) has been increased as at April 14, 2023. In an April 14 post on his official Facebook timeline, he wrote: “The National Petroleum Authority has just increaesd the Fuel Marking Margin by a whopping 125%. “Expect …