Latest stories tagged “fuel costs”
The Energy and Petroleum Regulatory Authority (EPRA) has stated that motorists in Kenya will have to wait 30 to 45 days for the recent decline in global oil prices to be reflected in local pump prices. EPRA Petroleum and Gas Director Edward Kinyua noted that global fuel prices are influenced by geopolitical events, citing the recent Middle East crisis as a factor that increased fuel costs.
A report examines the comparison of petrol prices in South Africa with those in other African countries, highlighting the variations from the highest to the lowest prices. It also discusses the factors that influence these costs across the continent.
According to Onyema, Nigerian airlines are increasingly reliant on bank loans due to rising fuel costs. This statement follows the recent announcement by Dangote Petroleum Refinery, which reduced the price of aviation fuel (Jet A1) to N1,450 per litre. The situation underscores the ongoing challenges faced by domestic airlines in Nigeria amid fluctuating fuel prices.