Experts warn of hike in petrol price in Nigeria due to US-Iran war
Naija News • 2h ago
Energy experts warn that petrol and diesel prices in Nigeria could rise if crude oil exceeds $90 per barrel
Rising tensions in the Middle East have increased volatility in the global oil market
Analysts say Nigeria remains exposed because local refineries still import significant volumes of crude
Oluwatobi Odeyinka is a business editor at Legit.ng, covering energy, the money market, technology and macroeconomic trends in Nigeria.
Energy analysts and downstream operators have cautioned that petrol and diesel prices in Nigeria could rise again if global crude oil prices climb above $90 per barrel amid escalating tensions between the United States and Iran, PUNCH reported.
Energy experts warn that petrol and diesel prices in Nigeria could rise. Photo: Fawaz Oyedeji, Reuters
Source: UGC
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