Petrol prices have continued to climb towards N1,000 per litre across major cities, as marketers blame the increase on a temporary halt in supplies from the Dangote Petroleum Refinery and price manipulation by private depot owners.
The recent development has raised fresh concerns about the stability of Nigeria’s downstream oil sector, despite the coming on stream of Africa’s largest single-train refinery, which had been expected to ease the country’s long-standing fuel supply challenges.
Depot price hike deepens pressure
