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.

Recent Business

Digital payments in Africa surges. Photo by Iqbal Nuril Anwar @ Pixabay
WAEMU goes digital to overhaul West Africa’s government bond trading
Read More »
Critical mineral. Photo by Claudio Grande @ Unsplash
US–China minerals battle: Is Africa at the table or on the menu?
Read More »
Addis Ababa, Ethiopia. Photo by Daniel Emale @ Unsplash
Ethiopia rolls out automated interbank FX platform to deepen market transparency
Read More »

Recent Politics

Ghana ex-vice president Mahamudu Bawumia to lead opposition NPP in 2028 polls. Photo: Bawumia/Facebook page
Ghana opposition NPP re-elects Bawumia as flagbearer ahead of 2028 polls
Read More »
Raila Odinga was seen as the father of democracy in Kenya. Photo @ Raila Odinga/Facebook
Raila Odinga’s death exposes deep family rift inside Kenya’s opposition ODM
Read More »
Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Uganda’s disputed election under Museveni deepens East Africa concerns
Read More »

Latest Posts

Latest news insights