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	<title>fuel costs Articles &amp; Updates - naijanewsreporters</title>
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		<title>Kunle afolayan faces rising diesel costs impacting film production</title>
		<link>https://naijanewsreporters.com.ng/kunle-afolayan-2/</link>
		
		<dc:creator><![CDATA[newsroom]]></dc:creator>
		<pubDate>Thu, 12 Mar 2026 05:43:51 +0000</pubDate>
				<category><![CDATA[Entertainment]]></category>
		<category><![CDATA[diesel prices]]></category>
		<category><![CDATA[Film Production]]></category>
		<category><![CDATA[financial strain]]></category>
		<category><![CDATA[fuel costs]]></category>
		<category><![CDATA[KAP Film Village]]></category>
		<category><![CDATA[Kunle Afolayan]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[Nollywood]]></category>
		<category><![CDATA[solar power]]></category>
		<guid isPermaLink="false">https://naijanewsreporters.com.ng/kunle-afolayan-2/</guid>

					<description><![CDATA[<p>Kunle Afolayan has voiced his struggles with increasing diesel prices, which are impacting his film production at KAP Film Village.</p>
<p>Сообщение <a href="https://naijanewsreporters.com.ng/kunle-afolayan-2/">Kunle afolayan faces rising diesel costs impacting film production</a> появились сначала на <a href="https://naijanewsreporters.com.ng">naijanewsreporters</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2>Kunle Afolayan faces rising diesel costs impacting film production</h2>
<p>On March 11, 2026, renowned Nigerian filmmaker Kunle Afolayan revealed the financial strain his production facility, KAP Film Village, is experiencing due to soaring diesel prices. Afolayan disclosed that he spends approximately <strong>N11 million</strong> on diesel every four to five weeks, a cost that has become increasingly burdensome.</p>
<p>The price of diesel has surged from about <strong>N995</strong> to over <strong>N1,500</strong> per liter, significantly impacting the sustainability of film production in Nigeria. Afolayan expressed his sadness regarding this situation, stating, &#8220;I have been sad because I can’t cope with the N1,500 per litre of diesel.&#8221;</p>
<p>Despite having a solar power system in place, Afolayan&#8217;s facility still relies heavily on diesel-powered generators. He has been purchasing diesel on credit due to the financial strain, which has forced him to manage payments over extended periods. &#8220;It’s not sustainable because even the diesel we have been buying was on credit and when we make small money we find a way to pay, and sometimes it takes two months to pay and then get another one on credit,&#8221; he explained.</p>
<p>Afolayan has called for public assistance to upgrade his solar power system, emphasizing the urgent need for support in light of the rising fuel costs. &#8220;We need a loan to upgrade our solar power. So if you can come to our aid, I will really appreciate it,&#8221; he added.</p>
<p>The surge in fuel prices is gradually driving up the cost of filmmaking in Nigeria, raising concerns among filmmakers about the future of the industry. Afolayan&#8217;s situation highlights the broader challenges faced by Nollywood as it grapples with increasing operational costs.</p>
<p>As the industry continues to adapt to these economic pressures, the reactions from fellow filmmakers and industry stakeholders remain to be seen. Afolayan&#8217;s candid remarks shed light on the pressing issues within the Nigerian film sector, prompting discussions about sustainability and financial viability.</p>
<p>Details remain unconfirmed regarding any potential support or initiatives aimed at alleviating the financial burdens faced by filmmakers like Afolayan.</p>
<p>Сообщение <a href="https://naijanewsreporters.com.ng/kunle-afolayan-2/">Kunle afolayan faces rising diesel costs impacting film production</a> появились сначала на <a href="https://naijanewsreporters.com.ng">naijanewsreporters</a>.</p>
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			</item>
		<item>
		<title>Kunle afolayan faces rising diesel costs at KAP Film Village</title>
		<link>https://naijanewsreporters.com.ng/kunle-afolayan/</link>
		
		<dc:creator><![CDATA[newsroom]]></dc:creator>
		<pubDate>Wed, 11 Mar 2026 18:19:59 +0000</pubDate>
				<category><![CDATA[Entertainment]]></category>
		<category><![CDATA[diesel prices]]></category>
		<category><![CDATA[Film Production]]></category>
		<category><![CDATA[financial strain]]></category>
		<category><![CDATA[fuel costs]]></category>
		<category><![CDATA[KAP Film Village]]></category>
		<category><![CDATA[Kunle Afolayan]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[Nollywood]]></category>
		<category><![CDATA[solar power]]></category>
		<guid isPermaLink="false">https://naijanewsreporters.com.ng/kunle-afolayan/</guid>

					<description><![CDATA[<p>Kunle Afolayan is struggling with rising diesel prices impacting his KAP Film Village operations. He seeks public assistance for solar upgrades.</p>
<p>Сообщение <a href="https://naijanewsreporters.com.ng/kunle-afolayan/">Kunle afolayan faces rising diesel costs at KAP Film Village</a> появились сначала на <a href="https://naijanewsreporters.com.ng">naijanewsreporters</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2>Kunle Afolayan faces rising diesel costs at KAP Film Village</h2>
<p>Kunle Afolayan, the prominent Nigerian filmmaker, has announced that he is facing significant financial challenges due to the soaring prices of diesel, which are impacting operations at his KAP Film Village. As of March 11, 2026, Afolayan revealed that he spends approximately <strong>N11 million</strong> on diesel every four to five weeks to keep his film production facility running.</p>
<p>The cost of diesel has surged dramatically, increasing from around <strong>N995</strong> to over <strong>N1,500</strong> per liter. This steep rise in fuel prices has left Afolayan feeling despondent, as he struggles to cope with the financial strain it places on his operations.</p>
<p>Afolayan has been forced to purchase diesel on credit, which adds to his financial burden. &#8220;It’s not sustainable because even the diesel we have been buying was on credit and when we make small money we find a way to pay, and sometimes it takes two months to pay and then get another one on credit,&#8221; he stated, emphasizing the precarious nature of his current situation.</p>
<p>Despite having a solar power system in place, Afolayan&#8217;s facility still relies heavily on diesel-powered generators. He has expressed a need for public assistance to upgrade his solar power system, stating, &#8220;We need a loan to upgrade our solar power. So if you can come to our aid, I will really appreciate it.&#8221; This plea highlights the urgent need for sustainable energy solutions in the film industry.</p>
<p>The rising fuel costs are not only affecting Afolayan but are also indicative of a broader trend impacting the sustainability of film production in Nigeria. The surge in fuel prices is gradually driving up the cost of filmmaking, making it increasingly difficult for filmmakers to operate effectively.</p>
<p>Afolayan&#8217;s situation reflects the challenges faced by many in the Nollywood industry, as they navigate the financial pressures brought on by fluctuating fuel prices. The filmmaker&#8217;s candid remarks about his struggles resonate with many who are similarly affected by the economic climate.</p>
<p>As the situation develops, Afolayan&#8217;s call for assistance may prompt discussions about the need for more robust support systems for filmmakers in Nigeria. The industry continues to grapple with the implications of rising operational costs, and Afolayan&#8217;s experience serves as a crucial reminder of the challenges faced by creatives in the region.</p>
<p>Details remain unconfirmed regarding any immediate solutions or support that may arise from Afolayan&#8217;s public appeal. However, his situation underscores the pressing need for sustainable practices in the film industry to mitigate the impact of rising fuel costs.</p>
<p>Сообщение <a href="https://naijanewsreporters.com.ng/kunle-afolayan/">Kunle afolayan faces rising diesel costs at KAP Film Village</a> появились сначала на <a href="https://naijanewsreporters.com.ng">naijanewsreporters</a>.</p>
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		<item>
		<title>Dangote Refinery Petrol Prices Rise Significantly</title>
		<link>https://naijanewsreporters.com.ng/dangote-refinery-petrol-prices/</link>
		
		<dc:creator><![CDATA[newsroom]]></dc:creator>
		<pubDate>Fri, 06 Mar 2026 22:52:57 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Brent crude]]></category>
		<category><![CDATA[Dangote Refinery]]></category>
		<category><![CDATA[fuel costs]]></category>
		<category><![CDATA[geopolitical tensions]]></category>
		<category><![CDATA[Nigeria]]></category>
		<category><![CDATA[NNPC]]></category>
		<category><![CDATA[oil supply]]></category>
		<category><![CDATA[Petrol Prices]]></category>
		<guid isPermaLink="false">https://naijanewsreporters.com.ng/dangote-refinery-petrol-prices/</guid>

					<description><![CDATA[<p>The Dangote Petroleum Refinery has raised its petrol prices significantly, impacting the domestic market amid global supply challenges.</p>
<p>Сообщение <a href="https://naijanewsreporters.com.ng/dangote-refinery-petrol-prices/">Dangote Refinery Petrol Prices Rise Significantly</a> появились сначала на <a href="https://naijanewsreporters.com.ng">naijanewsreporters</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2>Significant Price Increase</h2>
<p>The Dangote Petroleum Refinery has recently increased its petrol gantry price by N100, raising the ex-depot rate from N774 to N874 per litre. This adjustment represents an increase of approximately 12 percent, reflecting the refinery&#8217;s response to rising global oil prices and supply chain challenges.</p>
<h2>Causes of the Price Adjustment</h2>
<p>Several factors have contributed to this price increase. Notably, Brent crude prices have risen significantly due to geopolitical tensions in the Middle East, which have disrupted refining activities and tightened the global supply of petroleum products. The refinery has absorbed 20 percent of the cost escalation to cushion the domestic market, but the new gantry price has now reached N995 per litre, marking a N221 rise within just four days.</p>
<h2>Comparative Pricing</h2>
<p>In comparison, imported petrol is currently priced at N809.83 per litre, making it N64.2 per litre cheaper than Dangote’s petrol. This discrepancy raises questions about the competitiveness of local production versus imports, especially as the refinery receives only five cargoes a month from the Nigerian National Petroleum Corporation (NNPC), which falls short of the 13 cargoes required to adequately support sales into Nigeria.</p>
<h2>Cost of Crude Oil</h2>
<p>The landing cost of crude oil at the refinery ranges between $88 and $91 per barrel, with Nigerian crude oil being more expensive than the Brent benchmark price by $3 to $6 per barrel. These costs further complicate the refinery&#8217;s pricing strategy and its ability to maintain stable fuel prices in the domestic market.</p>
<h2>Implications for the Domestic Market</h2>
<p>The recent price adjustments have raised concerns among consumers and stakeholders about the potential for increased fuel costs across Nigeria. A senior official of the refinery confirmed the new gantry price, stating, &#8220;Yes, the price has been reviewed. The new gantry price is now N995 per litre.&#8221; This increase may affect transportation costs and the overall economy, as fuel prices are a critical component of operational expenses for various sectors.</p>
<p>Despite the challenges, the Dangote Petroleum Refinery has expressed its commitment to ensuring that Nigeria is insulated from these supply shocks by prioritizing supply to the domestic market. A spokesperson stated, &#8220;Selling below cost would undermine its ability to procure crude, sustain production and guarantee uninterrupted supply to Nigerians.&#8221; This highlights the delicate balance the refinery must maintain between pricing and supply stability.</p>
<p>As the situation develops, the impact of these price changes on the broader economy and consumer behavior remains to be seen. Details remain unconfirmed regarding how long these prices will remain in effect and whether further adjustments are anticipated in the near future.</p>
<p>Сообщение <a href="https://naijanewsreporters.com.ng/dangote-refinery-petrol-prices/">Dangote Refinery Petrol Prices Rise Significantly</a> появились сначала на <a href="https://naijanewsreporters.com.ng">naijanewsreporters</a>.</p>
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