Dangote, major marketers cut petrol depot prices as FG mounts pressure

Motorists berate oil marketers over high cost of petrol despite global price drop

Many motorists in the Federal Capital Territory (FCT) have expressed concern about the high cost of fuel despite a drop in global oil prices. According to them, many filling stations across the FCT have yet to adjust their fuel pumps to reflect the price drop. The News Agency of Nigeria (NAN) reports that the price [] The post Motorists berate oil marketers over high cost of petrol despite global price drop appeared first on Vanguard News.

FG insists on fuel price slash at meeting with Dangote Refinery, marketers

The Federal Government has called on marketers to reduce the pump price of petrol to reflect falling crude costs in the international market. The Minister of state for Petroleum Resources (Oil), Heineken Lokpobiri, made the call on Monday at a stakeholders’ meeting with the marketers and other downstream petroleum sector operators. The minister demanded that the sharp [] FG insists on fuel price slash at meeting with Dangote Refinery, marketers

Govt committed to passing oil price relief to consumers: Ali Pervaiz Malik

Petrol traded between 90.36 and 98.35 per barrel last week. The post Govt committed to passing oil price relief to consumers: Ali Pervaiz Malik appeared first on BOL News.

Find out more as marketers release new petrol prices as Dangote rate is cheaper

Marketers released fresh petrol prices showing Dangote Refinery selling PMS at N1,075 per litre, below the N1,095 import parity cost, extending its advantage.

Montreal gas prices remain high despite drop in oil prices

Motorists are not yet seeing relief at the pumps, even as global oil prices have fallen back to near pre-conflict levels following easing tensions in the Middle East. According to Quebec’s Régie de l’énergie, the average price of regular gasoline in the Montreal area remains 24 cents per litre higher than it was before the [] The post Montreal gas prices remain high despite drop in oil prices appeared first on CityNews Montreal.

Dan Kunle: Global Crude Market Dynamics Make Immediate Petrol Price Cuts Impossible

Energy expert Dan Kunle says inventory costs, global tensions and Nigeria's production challenges prevent immediate reductions in petrol pump prices.

Govt says no to E10, cites ₹1 lakh crore per year investments in ethanol production financed by PSBs

The suggestion that every petrol pump should stock pure petrol, E10 and E20 simultaneously ignores the realities of India's fuel distribution network, says the petroleum ministry.

Petrol, Diesel Prices On July 7: Check New City-Wise Fuel Rates

While global crude prices have fallen over the past week amid easing geopolitical tensions and higher OPEC+ production, Indian consumers are yet to see any relief at the fuel pumps as petrol and...

Why Lower Gas Costs Take Time to Reach the Pump

When crude oil prices drop sharply, why do drivers have to wait for relief at the pump? The answer follows a convoluted and policy-constrained path from drill rigs to local gas stations. The prices we encounter at the pump result from this complex chain, which begins with global crude and passes through refining, wholesale, independent...

Why fuel prices haven’t fallen yet despite falling global oil prices

Fuel prices in Ghana are once again caught between global oil swings and the structure of domestic pricing. Crude markets have eased, but pump prices have not yet caught up. Earlier in the year, before tensions between Iran, Israel and the United States escalated, Ghanaian consumers were briefly seeing relief. Petrol was selling at about []

Four Reasons Electric Vehicle Targets shouldn’t be Weakened

US car companies making gas guzzlers were exposed when oil prices spiked in 2008 during the financial crisis and required government bailouts

Gas Prices down $.25, diesel down $10.50

KINGSTON, Jamaica — Motorists should see a decrease at the pumps in the price of gasoline effective Thursday, June 28, according to the latest ex-refinery costs from Petrojam.90-octane will be sold for 200.57 per litre after a decrease of 0.25, while 87-octane will be sold for 193.13, down 0.25.Automotive Diesel will be sold for 201.25 after a 10.50 reduction and ultra-low sulphur diesel will be sold for 217.53 per litre, down 3.06.Kerosene decreased by 4.50 and will be sold for 185.89 per litre.Propane liquid petroleum will be sold for 79.07 per litre, down 2.10, and butane liquid petroleum will be sold for 87.54 per litre, down 3.06.Marketing companies and retailers will add their respective markups to these prices.

Oil Stockpiles Near Danger Zone

Energy markets expert and author of Oil's Endless Bid Dan Dicker says oil markets are underestimating the impact of ongoing supply disruptions, warning that global stockpiles have been drawn down significantly as millions of barrels per day remain unable to reach end markets. Dicker warns hosts of Bloomberg This Weekend David Gura and Christina Ruffini if inventories continue to fall, crude prices could surge from current levels to as high as 135 a barrel. (Source: Bloomberg)

Nayara Energy cuts petrol, diesel prices as crude oil remains stable, check new rates in your city

India's largest private fuel retailer, Nayara Energy, has slashed petrol prices by Rs 5 per litre and diesel by Rs 3 per litre across its nationwide network. The move marks the first reduction in retail fuel prices by any company amid easing tensions in West Asia, which has pulled down crude oil prices. Crude oil prices remain stable, trading around USD 70 per barrel.

Harga minyak kukuh, Petronas perlu percepat pelaburan

PETALING JAYA: Harga minyak yang lebih kukuh kini menjadi pemangkin utama kepada Petroliam Nasional Berhad (Petronas) untuk menggerakkan semula pelaburan sektor huluan yang sebelum ini ditangguhkan, sekali gus mengurangkan justifikasi syarikat untuk terus mengambil pendekatan berhati-hati terhadap perbelanjaan modal. Menurut CIMB Securities Sdn. Bhd., gabungan harga minyak yang tinggi, aliran tunai yang lebih mantap serta ... Read more The post Harga minyak kukuh, Petronas perlu percepat pelaburan appeared first on Utusan Malaysia.

Russia considering full ban on diesel exports, senior official says

Deputy premier says domestic fuel market ‘challenging but under control’

Canadian Natural Resources: A Dividend Machine In A Volatile Oil Market

Canadian Natural Resources: A Dividend Machine In A Volatile Oil Market

Diesel prices hiked again on July 14

Diesel and kerosene remain under pressure from still-tight refined fuel markets

Azalina: Petronas fuel supply expected to remain stable until August

KUALA LUMPUR, June 26 — Fuel supplies across the nationwide network of Petronas petrol stations are ex...

Drivers in Nalchik complained about the shortage of cheap gasoline.

The fuel crisis has led to the closure of Lukoil gas stations in Nalchik, prices for gasoline at private gas stations are inflated, and long lines are forming at Rosneft gas stations, where previous prices are maintained.

FCCPC Probes Fuel Pricing Amid Consumer Exploitation Concerns

The Federal Competition and Consumer Protection Commission, FCCPC, has raised concerns over what it described as possible consumer exploitation in the downstream petroleum sector. This follows findings that reductions in fuel prices have not reflected the sharp decline in global crude oil prices. READ ALSO: FCCPC Seals Firms Over Consumer Protection Violations Allegations The Commission, in [] The post FCCPC Probes Fuel Pricing Amid Consumer Exploitation Concerns appeared first on Voice of Nigeria.

Steeper prices ahead after Qatar gas supply cut off, HK Electric tells customers

Customers with one of Hong Kong’s top energy firms have been forced to bear the brunt of steeper supply costs after the conflict in the Middle East cut off gas from Qatar earlier this year, the company’s CEO has said. HK Electric’s Francis Cheng Cho-ying said on Sunday that the firm had not received any gas from Qatar since March, after Iranian strikes damaged production facilities that accounted for a significant portion of the contracted gas supply for the Lamma Island power plant. The company...

IN BRIEF: Key statements by Deputy PM Novak on Russia’s fuel market situation

According to Alexander Novak, the situation on the domestic fuel market is not easy, given summer peak demand and unscheduled oil refinery maintenance

Demonizing Oil Companies Won’t Reduce Gas Prices

By Thomas Aiello.