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.

Petrol prices have reached N1,400 per litre across Nigeria, according to a Daily Trust report. This development is said to be deepening the woes of Nigerians. The article features contributions from correspondents in multiple cities.

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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.

Harapin ng mga motorista ang pagtaas ng presyo ng gasolina sa ikatlong linggo nang sunod-sunod ngayong araw, habang nagkakaroon ng bahagyang pagbaba sa presyo ng diesel at kerosene para sa kaunting ginhawa.

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Inaasahan ang karagdagang pagtaas ng presyo ng diesel sa susunod na linggo dahil sa mga panganib na geopolitikal na nagbabanta sa suplay ng langis sa buong mundo. Ayon kay Leo Bellas ng Jetti Petroleum, maaaring tumaas ng P0.20 hanggang P0.40 bawat litro ang diesel, habang ang gasolina naman ay maaaring magbago ng P0.10 bawat litro.

Fuel prices in the Philippines are set to surge next week due to escalating tensions in the Middle East, according to the Department of Energy. Minimum increases are estimated at P19 per liter for diesel, P9 for gasoline, and P31 for kerosene, though diesel could reach P90 per liter without staggered hikes. The DOE has warned against hoarding and price manipulation.

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South Africa's Fuels Industry Association states that fuel supplies are stable but tight, especially for diesel, ahead of price increases on 1 April 2026. President Cyril Ramaphosa said he and Finance Minister Enoch Godongwana are concerned about the situation. Taxi operators and consumers warn of impacts from hikes exceeding R5 per litre for petrol and nearly R10 for diesel.

 

 

 

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