{
  "id": 9503641,
  "title": "Energy cost is global, Tinubu govt has no power to control fuel price –Minister",
  "url": "https://urgent.news/2026/09/24/energy-cost-is-global-tinubu-govt-has-no-power-to-control-fuel-price",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-24T06:30:30.000Z",
  "source": {
    "name": "The Chronicle Ghana",
    "slug": "the-chronicle-ghana",
    "url": "https://thechronicle.com.gh/energy-cost-is-global-tinubu-govt-has-no-power-to-control-fuel-price-minister/"
  },
  "original_language": "en",
  "account": "As Nigerians continue to struggle with soaring petrol prices, the Minister of State for Petroleum Resources, Heineken Lokpobiri, has emphasized that the issue is a global one. The minister warned that the ongoing crisis in the Middle East could exacerbate the problem, and that energy prices are unlikely to decrease due to the global nature of oil and gas trading. Speaking to Channels Television's Politics Today, Lokpobiri explained that the difficulties Nigerians face in their purchasing power are shared by Americans and Europeans, as energy prices are consistent worldwide. He stressed that Nigeria cannot operate in isolation and cannot unilaterally regulate prices without reintroducing fuel subsidies. When asked if President Bola Tinubu's administration has the ability to adjust petrol prices, Lokpobiri firmly stated that they do not, as the market is completely deregulated in accordance with global best practices.",
  "summary": "With Nigerians grappling with rising petrol prices, the Minister of State for Petroleum Resources, Heineken Lokpobiri, has described the situation as a global issue, warning that it could worsen if the Middle East crisis persists. He said the difficulties Nigerians are facing with their purchasing power due to high petrol prices are also affecting Americans […] The post Energy cost is global,…",
  "key_points": [
    "Global energy crisis exacerbating Nigeria's petrol price issue",
    "Middle East turmoil could worsen energy price situation",
    "Nigeria cannot unilaterally regulate fuel prices without subsidies"
  ],
  "editors_take": "The minister's comments suggest that Nigerians will have to adapt to high energy costs, as the government's hands are tied by global market forces and the country's deregulated fuel pricing policy.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}