Topic Archive

#fuel prices

FG Halts 15% Import Duty on Petrol and Diesel to Avert Price Surge

The Federal Government has suspended its earlier plan to implement a 15% import duty on petrol and diesel. The move, announced by the NMDPRA, aims to prevent fuel price hikes and maintain supply stability.

95News•11/13/2025

Article

Federal Government’s 15% Petrol Tariff to Cost Nigerians Nearly ₦1 Trillion Annually

The Nigerian government’s approval of a 15% import tariff on petrol is projected to increase national fuel expenses by nearly ₦1 trillion yearly, raising daily costs by ₦2.67 billion and potentially driving up pump prices for consumers.

95News•11/5/2025

Article

Cooking Gas Price Defies Marketers’ Projections, Holds at ₦1,200 per Kg Nationwide

Market surveys across Abuja, Lagos, and other cities show that liquefied petroleum gas (LPG) continues to retail between ₦1,200 and ₦1,500 per kg, with a 12.5kg cylinder costing as much as ₦15,000 in some areas. Marketers had earlier projected a price drop, citing improved supply, but consumers are still grappling with elevated costs.

95News•11/3/2025

Article

Jet Fuel Relief Meets SAF Shock

Jet fuel prices have dropped, offering airlines some relief—but soaring costs of sustainable aviation fuel (SAF) are wiping out those gains. SAF now costs over four times more than conventional fuel, driven by mandates and limited supply. Experts warn this imbalance is squeezing profits and threatening climate goals. Airlines face rising compliance costs and tough decisions ahead.

95News•11/1/2025