African countries continue to pay high prices for fuel amid changes in global oil markets.
Although many African countries, including Nigeria, witnessed a decrease in November 2024, high fuel prices remain a burden.
According to data from the Global Petrol Prices platform, the average global fuel price is currently $1.24 per litre (N2,096), compared to $1.27 per litre (N2,146) last month.
The data showed that the Central Africa Republic, Senegal, Seychelles, Ivory Coast, Mauritius, and Sierra Leone recorded fuel price decreases in November compared to the previous month.
In contrast, BusinessInsider reports Zimbabwe reported a slight increase in fuel prices.
Malawi’s fuel price remained unchanged, while Guinea and Kenya entered the top ten list for the first time this month.
Checks by TimesNow.com.ng on Sunday, November 17, 2024, showed that petrol stations have slashed prices by as much as N75 per litre.
At the Lado petrol station along the Iju-Ishaga axis, officials were seen dispensing petrol to motorists at N1,050 from N1,125 it sold the product last week.
In the global ranking, Nigeria’s fuel price is ranked as the 15th cheapest in November.
TimesNow.com.ng earlier reported that the NNPC debunked a recent report saying it had ended petrol import in favour of local refineries such as Dangote Refinery.
The national oil company called the report a misinterpretation of fact.
On Tuesday, November 12, 2024, a report attributed to the NNPC’s Group Chief Executive Officer, Mele Kyari, said that the state oil firm had stopped importing fuel to support domestic refineries.
Proofreading by James, Ojo Adakole, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
