Federal government says fuel prices will keep falling

The Nigerian Federal Government has announced that prices of petrol, diesel, and LPG will continue to decline. This statement comes amid ongoing economic adjustments in the energy sector.

The Federal Government of Nigeria (FG) has indicated that prices for petrol, diesel, and liquefied petroleum gas (LPG) are expected to keep falling. This assurance was highlighted in a recent update from government sources. While specific reasons or timelines were not detailed in the available information, the projection points to a positive trend for consumers facing fuel costs. Other headlines from the same publication mention unrelated developments, such as security operations and economic initiatives in the southeast, but the focus remains on the fuel price outlook.

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Photorealistic image of a Colombian gas station displaying a 300-peso gasoline price cut, with joyful customers celebrating the government's announcement.
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Government announces 300-peso gasoline price cut starting February 1

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Building on Minister Palma's recent confirmation of progress, the Colombian government will reduce regular gasoline by 300 pesos per gallon from February 1, 2026. Finance Minister Germán Ávila confirmed the move closes the Fuel Prices Stabilization Fund (FEPC) gap with international prices, easing consumer costs.

Inaasahan ng mga motorista na tataas ang presyo ng gasolina sa susunod na linggo dahil sa mga isyung heopolitical na maaaring magdisrupt sa suplay. Ayon kay Leo Bellas ng Jetti Petroleum Inc., maaaring manatiling matatag o tumaas ng P0.10 bawat litro ang gasolina, habang ang diesel ay P0.30 hanggang P0.50. Sinabi rin ng Department of Energy na tataas ng P0.10 ang kerosene.

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Ipinakita ng mga kumpanya ng langis na bababa ang presyo ng diesel ng hindi bababa sa P1 bawat litro ngayong linggo, na nagbibigay ng ginhawa sa mga motorista bago ang Pasko. Inaasahan ding magbababa ng presyo ng gasolina mula P0.60 hanggang P0.80 bawat litro, at kerosene ng humigit-kumulang P1.75 bawat litro. Ayon sa mga eksperto, ito ay dahil sa malakas na suplay at mahinang demanda.

The Ethiopian government has announced it will significantly reduce and fully eliminate fuel subsidies imposed over the past four years by the end of February 2026. This move forms part of economic reform commitments made with international financial institutions. A new price adjustment took effect at the start of the current Tahsas month, raising diesel prices by 11 percent and benzene by 5 percent.

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Haharapin ng mga motorista sa Pilipinas ang isa pang pagtaas ng presyo ng gasolina ngayong linggo, na tataas ng P1.40 bawat litro ang diesel simula Martes, Enero 27. Ito ang ikalimang sunod-sunod na linggo ng pagtaas para sa diesel. Magkakaroon din ng bahagyang pagtaas ang gasolina at kerosene.

The Nigerian Ministry of Petroleum has announced plans to fully automate its operations, introducing a paperless interface to streamline processes.

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The Federal Government of Nigeria has stated that recent alterations to the newly passed tax laws will not significantly impact them. Taiwo Oyedele, Chairman of the Presidential Tax Reform Committee, emphasized that these changes are minor.

 

 

 

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