The South African chemicals and energy company Sasol has marked a decline in its sales of petrol and diesel - white product liquid fuel - from 59mb in June 2015 to 58mb in June 2016.
Oil output from producers outside the Organisation of Petroleum Exporting Countries (OPEC) is falling faster than expected, helping the market to rebalance.
Nigeria's two main labour unions called for an indefinite general strike from Wednesday May 18th, unless the government reverses its plan to increase the price of petrol.
The Nigeria Army (NAPL) has commissioned its first oil and gas filling station, that was recently built in Minna, Niger state capital. The army plans to build filling stations in 36 states of Nigeria in total.
The fuel supply and distribution situation in Nigeria is gradually easing out after the Nigerian National Petroleum Corporation increased the distribution of Premium Motor Spirit (PMS), known as petrol.
Nigeria’s Economic and Financial Crimes Commission (EFCC) has announced that seven men have been jailed for 10 years after being arrested with nearly 1,500 tonnes of contraband petrol, the Business Standard reported.
South Africa does not need another oil refinery because the slowing economy has curbed demand and the country has ample petrol production, said Shash Rabbipal, the new chairman at the local unit of Chevron.