An economist, Paul Alaje, has warned that petrol prices in Nigeria could climb to about ₦1,000 per litre if the ongoing conflict involving the United States, Israel, and Iran is not effectively managed. Alaje, who is the Chief Economist at SPM Professionals, stated this on Monday while appearing on Channels Television’s Politics Today, against the backdrop of escalating geopolitical tensions in the Middle East. According to him, increases in crude oil prices typically translate into higher costs for refined petroleum products such as petrol, diesel, and aviation fuel, with broad implications for businesses and households.  “While crude oil goes up...