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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…
A MAJOR fuel shortage may hit Lagos and environs soon as marketers continue to shut filling stations against motorists and other users of the product. Checks yesterday indicated that the closure of stations started gradually after the NNPC Limited cut the volume of its imports to enable major and independent marketers participate in importation, following…
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