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Global crude oil prices surged more than 3% after renewed US-Iran hostilities threatened to collapse a fragile ceasefire, pushing Brent crude to $76.48 per barrelSeveral independent fuel marketers in Nigeria have begun revising pump prices upward as depot loading costs climbedDangote Refinery revealed it absorbed significant crude cost increases to shield Nigerians from rising prices
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigerians may face higher petrol prices in the coming days as global crude oil markets reversed recent gains following an escalation of hostilities between the United States and Iran, disrupting a brief period of fuel cost relief that had allowed filling stations across the country to reduce pump prices.
Brent crude, the principal international benchmark, climbed more than 3% on Wednesday, reaching $76.48 per barrel as of 06:30 GMT — the highest level
