…Ex-depot price of diesel hits N1800/litre
The global oil price has soared above $126 a barrel, its highest level since 2022, sending immediate shockwaves through Nigeria’s downstream sector.
The rally, fueled by escalating geopolitical tensions in the Middle East, has already triggered a spike in local prices, with the Dangote Refinery hiking diesel rates and suspending loading operations in a move that analysts say signals an imminent rise in petrol prices.
Data from Oilprice.com showed that Brent crude climbed to as high as
