Tag: petrol

Nigeria removes fuel price cap

Nigeria’s Petroleum Products Pricing Regulatory Agency has removed the cap on the price of Premium Motor Spirit, also known as petrol, giving marketers the freedom to fix the price of the commodity and sell above the price stipulated by the body.

South Africa’s Sasol half-year earnings fall 74%, here’s why

South African petrochemicals group Sasol reported on Monday a 74% drop in interim profit, weighed down by...

Why Africa Oil Week is the place for major national roadshows in the oil & gas sphere

Here are some highlights of the National Roadshows and Bidding Rounds happening this year at Africa Oil Week.

What you need to know about Vitol and Mozambique’s state oil firm’s trading joint venture

Global energy trader Vitol and Mozambique’s state oil firm, ENH, have launched a trading joint venture called ENH Energy Trading, Vitol said on Tuesday, to focus on liquefied natural gas (LNG), liquefied petroleum gas and condensate.

Zimbabwe increases fuel prices again, what you need to know

Zimbabwe hiked fuel prices on Monday for the second time in a week but most pumps remained dry, with no end in sight to shortages that are helping drive inflation.

South Africa’s petrol, diesel pump prices to rise in May

The retail price of petrol and the wholesale price of diesel in South Africa will rise from May 3, the energy department said on Friday.

Nigeria oil union suspends three-day strike after talks

The minister said the talks had led to "very fruitful conclusions" and there would be another meeting on Jan. 24.

Nigerians to strike over oil sector job losses

Nigerian labour unions have criticised oil companies for sacking workers in the last few months.