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Nigeria's main labor union to strike over tripling of fuel prices

Nigeria's main labor union said it plans to go on strike from Wednesday to protest against a tripling of fuel prices in the country after new president Bola Tinubu scrapped a costly subsidy.

Mexico's gasoline independence dream sinks in dirty fuel oil glut

Mexico's president took office in late 2018 pledging to boost local output of gasoline while phasing out imports, but so far state refineries have instead set a different course: bumper production of highly contaminating fuel oil.

Nigeria's NNPC says it will end monopoly on petrol supplies

Nigeria's state owned oil company NNPC will soon end its monopoly on petrol supplies, its chief executive told local television, a day after it nearly tripled prices at its fuel stations countrywide.

Nigerians rush to buy fuel to beat impending price hikes

Long fuel queues returned to Nigeria's cities as motorists rushed to fill their tanks while some retailers hiked prices amid uncertainty on the timing of the removal of a fuel subsidy that new President Bola Tinubu said would be scrapped.

Nigeria to triple petrol prices after president says subsidy to end

Nigeria's state oil firm NNPC Ltd is proposing hiking petrol prices to as high as 557 naira ($1.21) per liter from 189 naira, according to a circular it sent to fuel stations.

China's fuel oil imports soar as inspections curb bitumen blend intake

China's independent oil refiners are ramping up fuel oil imports to process into gasoline and diesel amid robust refining margins as ongoing cargo inspections at refining hub Shandong have cut off supplies of lower-priced feedstock bitumen blend.

U.S. motorists kick off summer driving season with tame gasoline pricing

U.S. motorists are enjoying a so-called Goldilocks market, or one that is considered "just right," for gasoline.

Stellantis may ship fewer gas-powered vehicles to U.S. states with strict emissions rules

Chrysler-parent Stellantis said it may limit shipments of gasoline-powered vehicles to dealers in states that have adopted California's strict emissions rules.

U.S. EPA recommends delaying electric vehicles biofuel program

The U.S. Environmental Protection Agency has recommended delaying a scheme that would give electric vehicle manufacturers tradable credits under a federal biofuel program, in a final rule that the White House will now review.

Nigeria commissions Dangote refinery, seeks to end fuel imports

Nigeria commissioned Dangote Refinery amid hopes of transforming the country into a net exporter of petroleum products, but analysts said securing crude supplies could affect it achieving full production this year.