No single country controls oil prices. Here's how global markets, benchmarks and events shape what you pay.

Dangote Refinery has explained why petrol prices in Nigeria remain high despite the country’s domestic refining capacity.According to the refinery’s management, the expected relief for consumers has ...

Iran used to be a major oil supplier to India, but for years now, over 90% of Iranian oil exports have been going to one ...

Major oil producer Kazakhstan plans to commission a new refinery by 2033 to eliminate domestic fuel shortages and become a net fuel exporter, The Caspian Post reports, citing Vice Minister of Energy, ...

The Dangote Refinery has increased its petrol ex-depot price by N100, citing rising crude oil costs The adjustment pushed the gantry price to N874 per litre, forcing some filling stations to raise ...

Despite being Africa's top oil producer, Nigerian refineries imported N5.7tn in crude oil in 2025 due to domestic feedstock ...

Nigeria spent over N5 trillion on crude oil imports in 2025 despite being Africa’s largest oil producer, as domestic ...

Dangote Petroleum Refinery and Petrochemicals yesterday cleared air on the crude oil supply being received from the Nigerian National Petroleum Company Limited (NNPCL) under the naira-for-crude ...