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Finance Ministry denies knowledge of NNPC’s $3.5bn subsidy fund

FG eyes N97 per litre fuel for Nigerians 

  The Minister of State for Petroleum Resources, Timipre Sylva, on Thursday said that the Federal Government was planning on making fuel available at N97 per litre,...

Customs suspends fuel supply to border filling stations 

Minister appeals to Customs to allow fuel at land borders 

  The Minister of Communications and Digital Economy, Isa Pantami, has appealed to the Nigeria Customs Service (NCS) to allow fuel trucks access to border towns and...

African airlines jet fuel costs 35% more than global average - IATA

African airlines jet fuel costs 35% more than global average – IATA

  The International Air Transport Association (IATA) has disclosed that jet fuel costs 35% more in Africa than the global average global. IATA President, Alexandre...

Hapag-Lloyd

Hapag-Lloyd introduces IMO 2020 fuel surcharge

  German shipping major Hapag-Lloyd has revealed plans to introduce an IMO 2020 Transition Charge (ITC) for short-term contracts as of December 1, 2019. The move...

US sanctions Russian ships for delivering fuel to Syria

US sanctions Russian ships for delivering fuel to Syria

  The U.S. Department of the Treasury has announced new sanctions against Russian entities and vessels over their alleged involvement in “a sanctions evasion...

Maersk sells off $1bn stake in Total

Maersk, Port of Rotterdam sign deal on IMO 2020-compliant fuel

  Maersk has signed a deal for the production of IMO 2020-compliant bunker fuel at the Port of Rotterdam that will cover 5-10% of the shipping giant’s annual fuel...

NNPC assures airlines of sufficient fuel supply

NNPC assures airlines of sufficient fuel supply 

The Nigerian National Petroleum Corporation (NNPC) has assured that it has enough stock of aviation fuel to meet the needs of airline operators and other consumers of...

Low-sulphur fuel to cost 30% more than the current fuel — Drewry 

Low-sulphur fuel to cost 30% more than the current fuel — Drewry 

  Early indications of prices for low-sulphur fuel oil 0.5% compliant with the IMO 2020 rule showed that the new fuel costs about 30% more than the current,...

Sulphur charge

Indonesia to enforce IMO 2020 fuel rules on ships 

  Indonesian-flagged ships will comply with new low-sulphur fuel rules that start next year, the country’s Ministry of Transportation said on Tuesday, after...

Iran grain ships stuck in Brazil without fuel due to U.S. sanctions

Iran grain ships stuck in Brazil without fuel due to U.S. sanctions

Two Iranian vessels have been stranded for weeks at Brazilian ports, unable to head back to Iran due to lack of fuel, which state-run oil firm Petrobras refuses to sell...

EU awaits Argentine response over duties exemption on biodiesel fuel

EU awaits Argentine response over duties exemption on biodiesel fuel

Producers of Argentine biodiesel have until Friday, Jan. 18 to comment on a proposal by the European Commission for them to sell at a minimum price. The proposal is to...

Strike: Unions vow to shut airports tomorrow as NNPC assures of fuel supply

Strike: Unions vow to shut airports tomorrow as NNPC assures of fuel supply

Aviation unions have vowed to paralyse the nation’s airports and disrupt flight services as they expressed their readiness to participate in the planned strike by...