The Dangote Petroleum Refinery has again increased the gantry price of petrol and diesel, further tightening pressure on consumers and businesses across Nigeria. You are aware of the ongoing tensions in the Middle East and how they have impacted crude oil prices. However, Nigeria remains exposed to global oil price volatility due to its reliance on international crude benchmarks for pricing. This means that local prices are influenced by international crude prices, exchange rates, logistics costs, and refinery operations. A sustained price increase could worsen inflationary pressures and slow economic recovery.

Source: Punch April 07, 2026 21:37 UTC