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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Motorists can expect fuel prices to increase next week amid geopolitical issues that may disrupt supply. Jetti Petroleum Inc. president Leo Bellas said gasoline prices are expected to be steady or increase by P0.10 per liter, while diesel prices are likely to go up by P0.30 to P0.50 per liter. The Department of Energy said kerosene prices are also expected to rise by P0.10 per liter.

지정학적 리스크가 글로벌 원유 공급을 위협하는 가운데 디젤 가격이 다음 주 추가 상승할 전망이다. Jetti Petroleum 사장 Leo Bellas는 디젤 리터당 P0.20~P0.40 상승 가능성을 언급했으며, 휘발유는 리터당 P0.10 오르내릴 수 있다고 밝혔다.

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Oil firms in the Philippines announced another fuel price increase effective February 10, marking the fifth straight weekly rise for gasoline, while diesel and kerosene climb for a seventh week.

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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필리핀 운전자들 이번 주 또 다른 유가 인상에 직면, 디젤은 1월 27일 화요일부터 리터당 P1.40 상승. 이는 디젤의 5주 연속 상승 추세를 이어가는 것이다. 휘발유와 등유 가격도 소폭 상승할 예정이다.

 

 

 

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