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Fuel Prices

United Nation’s Children Fund (UNICEF)

UNICEF: 348,000 Libyan children need humanitarian aid

The UN Children’s Fund (UNICEF) has said that more than 348,000 children out of 1.2 million people, need humanitarian assistance in Libya, due to the impact of the prolonged armed conflict, political and economic crises and the COVID-19 pandemic.
Nigerian President Muhammadu Buhari3

President Buhari defends borrowing to fund infrastructure

President Muhammadu Buhari Tuesday justified government borrowing to finance infrastructure, asserting that his government took loans in the interest of the country to solve the dire shortfall in infrastructure.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police warn NANS against planned protest

The State Police Command, Ogun state, has threatened to deal with any member of the National Association of Nigeria (NANS) who tries to protest the recent hike in fuel price as well as the increase in electricity tariff.
Kola Ologbondiyan

PDP rejects N108 ex-depot fuel price, insist on N70 pump price

The Peoples Democratic Party, PDP, has rejected the new ex-depot price of N108 per litre of the Premium Motor Spirit insisting on a new pricing template that must accommodate a pump price of between N60 to N70 per litre to reflect the crash in the price of crude oil and petroleum products in the international market.
Cars block a street during a protest against a rise in gasoline prices, in the central city of Isfahan, Iran, Nov. 16, 2019.

Iran government fuel price hike sparks second day of violent protests

Iranian protesters are on the streets in dozens of towns and cities across the country as anger spreads following a government decision to double the price of fuel. The protests appear to have gained momentum after the top Shi'ite cleric in neighboring Iraq, Ayatollah Ali Sistani, sided with protesters in a Friday prayer sermon delivered by one of his followers.
(FILES) In this file photo taken on January 20, 2019, one of the Yellow Vests (Gilets Jaunes) spokespersons, Priscillia Ludosky, looks on in front of the Eiffel tower, in Paris, during a gathering to protest against the government and the police violence. On November 17, 2018, hundreds of thousands of angry French donning fluorescent jackets took to the streets across the country, beginning one of the biggest and most unusual protest movements in the country’s modern history. Twelve months after that first November 17 demonstration against social inequalities by the “gilet jaunes” (yellow vests) protesters, the numbers taking to the streets have starkly diminished, the movement is rudderless and French President can claim to have largely seen off the challenge.Eric FEFERBERG / AFP

France’s yellow vests seek show of strength for anniversary

French “yellow vest” protesters began a series of nationwide demonstrations on Saturday in a bid to show the government they can still muster support on the first anniversary of their movement.

Zimbabwe increases fuel prices second time in a week

Zimbabwe hiked fuel prices on Monday for the second time in a week but most pumps remained dry, with no end in sight to shortages that are helping drive inflation rapidly higher.
Pakistan subsidises the price of most fuels but has been cutting those payments in recent months [Anjum Naveed-AP]

Pakistan hikes fuel prices amid spiralling inflation

Pakistan's government has hiked fuel prices by up to 6.45 percent, as the country continues to face widening fiscal and current account deficits amid spiralling inflation.

Zimbabwe president struggles to draw line under brutal crackdown

Zimbabwean President Emmerson Mnangagwa vowed on Tuesday to investigate security forces over their deadly crackdown on protesters, as he has returned to the country and scrambled to fend off a barrage of criticism.
Sudanese demonstrators gather as they participate in anti-government protests in Khartoum [Mohamed Nureldin Abdallah-Reuters]

Sudan protesters show resilience, employ Arab Spring tactics

The anti-government protests that have rocked Sudan for the past four weeks are reminiscent of the Arab Spring uprisings of nearly a decade ago.
Zimbabwe police fired teargas to disperse a crowd queuing for bread at a shopping centre near central Harare [Philimon Bulawayo-Reuters]

US alarmed as Zimbabwe targets, beats activists amid unrest

The US embassy in Zimbabwe says it is "alarmed" by credible reports that security forces are targeting and beating activists and labour leaders. A local doctors' rights group says it has treated 68 gunshot cases.
Tear gas floats in the air near the Arc de Triomphe as protesters wearing yellow vests, a symbol of a French drivers' protest against higher diesel taxes, demonstrate in Paris, France, December 1, 2018. REUTERS-Stephane Mahe

Police, protesters clash in Paris over fuel price hike

Police and protesters have clashed in Paris ahead of a third weekend of mass “yellow vest” demonstrations sparked by rising fuel prices.

Turkish Airlines surpasses $1 billion profit mark in 9 months

Despite the increasing fuel prices due to its increasing demand and unit revenues, Turkish Airlines posted profit from main operations of USD 1 billion 149 million, in the first 9 months of 2018.
A road blocked by protestors in Souffelweyersheim, eastern France. AFP

‘Yellow vest’ protests against Emmanuel Macron snarl traffic across France

Thousands of drivers blocked roads across France on Saturday in a “yellow vest” movement against high fuel prices which has mushroomed into a widespread protest against stagnant spending power under President Emmanuel Macron.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Donald Trump: OPEC ‘ripping off’ the world

US President Donald Trump accused members of the OPEC oil cartel of “ripping off” the world on Tuesday as he called for a lowering of fuel prices.

Opposition calls nationwide protests over fuel prices

India’s opposition will launch nationwide strikes and protests next week over record-high fuel prices, looking to tap rising public anger to hit back at Prime Minister Narendra Modi, ahead of a series of elections.

Tunisia raises fuel prices, fourth hike in 2018

Tunisia’s government has raised fuel prices by about four percent, the fourth hike this year, in an effort to rein in its budget deficit and meet reforms requested by the country’s international lenders.

IMF approves $2 billion loan instalment for Egypt

The International Monetary Fund on Friday approved the fourth installment of a $12 billion, three-year loan for Egypt, bringing the total released to date to just over $8 billion.

Recent Stories

UN, EU urge media to intensify advocacy against gender violence

The joint EU-UN Spotlight Initiative, on Monday called on the media to intensify advocacy through reportage of violence against women and girls to end the menace in the country.
The PDP and its candidate, Babatunde Gbadamosi, are urging the court to disqualify the APC candidate, Tokunbo Abiru, over his alleged possession of two voter cards.

Tokunbo Abiru proposes antidote for national challenges

Mr Tokunbo Abiru, APC’s candidate for the Lagos East bye-election, has said that quality representation at the National Assembly is an antidote to diverse national development and security challenges.
US President Donald Trump speaks with General Motors CEO Mary Barra during a meeting with automobile industry leaders in the Roosevelt Room of the White House in Washington, DC on January 24th, 2017. - Photo by Saul Loeb - AFP via Getty Images

General Motors abandons Donald Trump’s war against California’s pollution powers

General Motors announced today that it is abandoning Donald Trump’s effort to take away California’s ability to set fuel efficiency standards. The company, along with Fiat Chrysler and Toyota, previously backed Trump’s efforts to roll back fuel efficiency standards.
Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa on Friday disclosed how the immediate past administration of former Governor Akinwunmi Ambode employed blackmail and harassment to witch-hunt and deprive the House of performing its duties appropriately.

Speaker: Lagos Assembly to pass 2021 budget before December 31

The Speaker, Lagos State House of Assembly, Mudashiru Obasa, says the 2021 Appropriation Bill currently before the house will be passed before Dec. 31.

We believe it is South East’s turn to produce next president – Ebonyi PDP...

The Elder and major Stakeholders of the Peoples Democratic Party (PDP) on Monday affirmed the belief that it is the turn of the South East to produce President of Nigeria in 2023.