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.

正如上周预测,汽油价格连续第三周每升上涨P0.20,而柴油和煤油今日生效每升回落P0.20。

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在地缘政治风险威胁全球石油供应的背景下,柴油价格预计下周进一步上涨。Jetti Petroleum总裁Leo Bellas表示,柴油每升可能上涨P0.20至P0.40,汽油每升可能上下调整P0.10。

据菲律宾能源部称,由于中东紧张局势升级,菲律宾燃料价格将于下周大幅上涨。预计最低涨幅为柴油每升19比索、汽油9比索、煤油31比索,不过若不分阶段加价,柴油可能达到每升90比索。能源部警告禁止囤积和价格操纵。

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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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