How petrol prices jumped 13% in 48 hours amid US Iran conflict
Naija News • 1h ago
Petrol prices in Nigeria surged 13% following a global crude oil price rally
Diesel costs increased significantly, straining operations for businesses reliant on generators
Experts warn that fuel price hikes could reverse recent inflation gains in Nigeria
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Petrol prices across Nigeria have jumped by about 13 per cent within just two days, after a sharp rally in global crude oil forced major industry players to review their rates.
The immediate trigger was a sudden spike in international oil prices, which pushed crude above 80 dollars per barrel.
Nigerians in pain as petrol jump 13% amid US Iran tensions. Credit: PIUS EKPEI UTOMI/Stringer
Source: Getty Imag...