Again, petrol price hike looms after crude hits $115
International crude oil prices have risen sharply to over $115 per barrel due to tensions in the Middle East, raising the prospect of another petrol price increase in Nigeria. Dangote Petroleum Refinery and other depot owners are currently selling petrol at N1350 at their gantries, with marketers facing higher replacement costs that could be passed on to consumers.
Pidgin: International crude oil prices don rise sharply go over $115 per barrel because of tension for Middle East, e dey raise chance of another petrol price increase for Nigeria. Dangote Petroleum Refinery and other depot owners dey sell petrol N1350 for their gantries now, marketers dey face higher replacement costs wey fit pass am go consumers.
How this affects you: Nigerian consumers are affected by elevated petrol prices which have contributed to inflationary pressure and heightened the cost of living.
Join the debate
No comments yet. Be the first.
Debate with other Nigerians: WhatsApp channel · @ST_Office2027 on X