Petrol Price Hike Looms in Nigeria as Brent Crude Surges Above $107 Amid Middle East Crisis
Petrol consumers in Nigeria could face fresh price pressure after international crude oil prices surged above $107 per barrel, raising concerns about higher fuel production and replacement costs in the country’s deregulated downstream petroleum market. Brent crude, the global benchmark, jumped sharply on Thursday, settling at about $107.63 per barrel after gaining more than…