Nigeria: Fuel Price Rises, Deepens Pressure On Homes, Businesses

Nigeria: Fuel Price Rises, Deepens Pressure On Homes, Businesses

The surge in international crude oil prices above $100 per barrel is pushing up petrol prices across Nigeria, with major marketers raising pump prices and creating fresh pressure on transporters, commuters, households and businesses.

Fuel price rises, deepens pressure on homes, businesses

The surge in international crude oil prices above $100 per barrel is pushing up petrol prices across Nigeria, with major marketers raising pump prices and creating fresh pressure on transporters, commuters, households and businesses.

Petrol Prices Rise To N1,430 As $100 Oil Pushes Up Nigeria’s Fuel Costs

Petrol prices have climbed as high as N1,430 per litre at some filling stations in Nigeria as the surge in international crude oil prices feeds through to the domestic downstream petroleum market. The latest increase follows a fresh adjustment in the wholesale price of Premium Motor Spirit by Dangote Petroleum Refinery, which raised its gantry […] The post Petrol Prices Rise to N1,430 as $100 Oil Pushes Up Nigeria’s Fuel Costs appeared first on …

Hormuz crisis turns $100 oil into Nigeria’s fiscal gain, economic pain

Nigeria could be heading towards yet another oil windfall, with higher crude prices boosting government revenues even as rising fuel costs squeeze the wider economy. Brent crude has breached $100 a barrel as renewed US-Iran hostilities threaten to prolong restrictions on oil flows through the Strait of Hormuz. The price is substantially above the $64.85 […]

Petrol Rises Above ₦1,400 per Litre as Brent Crude Tops $100 - Economi Confidential

Petrol prices have surged across major Nigerian cities, with Premium Motor Spirit (PMS) now selling between ₦1,400 and ₦1,450 per litre.