Search

West Africa moves to set own fuel prices

Photo by Juan Fernandez @ Unsplash | Fuel, petro
Photo by Juan Fernandez @ Unsplash
  • Regional initiative aims to replace global pricing indices with locally driven benchmarks
  • Move seen as a step toward energy sovereignty and transparency in oil trade

 

LAGOS, NIGERIA – West African countries are working to establish regional pricing benchmarks for refined petroleum products in a push to better reflect local market dynamics and reduce reliance on global price indices.

You need an active subscription to continue reading this article.

Recent Business

Mozambique fisherwomen. Photo by Antonella Ragazzoni @ Unsplash
African Development Bank renews $2m drought insurance for Mozambique
Read More »
Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Dangote to double Nigeria refinery output to 1.4 million barrels daily
Read More »
Photo by Jose Antoinne @ Unsplash
Namibia’s 2025 mid-term budget signals fiscal restraint as growth slows
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya faces political uncertainty after Raila Odinga’s death
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s opposition weakens as governors, lawmakers flock to ruling party
Read More »
Meknes, Morocco Photo @ Unsplash
Morocco’s Gen Z protests reignite nationwide for reform
Read More »

Latest Posts

Latest news insights