Fuel price: Depot petrol cost may increase further in Nigeria as Brent crude surges to $95

Depot prices of Premium Motor Spirit, PMS, whitethorn emergence further supra N1,290 per litre arsenic Brent crude accrued to $95.41 per tube connected Wednesday.

DAILY POST reports that Brent and West Texas Intermediate, WTI crude roseate connected Wednesday to $95.41 and $90.79 per barrel, respectively, arsenic of the clip of filing this report.

The improvement has heightened fears of a further summation successful planetary vigor prices, including successful Nigeria.

In the United States, diesel prices roseate by 7 percent to $4.71 per gallon arsenic the US President ordered airstrikes connected Iran, according to the Financial Times.

In Nigeria, DAILY POST reports that depot owners’ ex-depot substance prices, which stood betwixt N1,267 and N1,275 per litre, according to Petroleumprice.ng, whitethorn soon emergence supra N1,290 per litre.

A substance pump terms survey by DAILY POST connected Wednesday showed that petrol is dispensed by Nigerian filling stations astatine betwixt N1,310 and N1,345 per litre, portion the pr...