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.

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.

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在连续第二周调整后,石油公司宣布本周柴油价格每升下调P1至P1.20——幅度大于上周温和变动——为圣诞节前司机提供更多缓解。汽油预计下跌P0.60至P0.80每升,煤油约P1.75每升,受强劲供应和疲软需求推动。

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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菲律宾司机本周面临又一次燃料价格上涨,柴油将于1月27日星期二生效每升上涨P1.40。这延续了柴油连续五周的上涨趋势。汽油和煤油价格也将小幅上涨。

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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