Fuel price rises, deepens pressure on homes, businesses
‘’Higher fuel and logistics costs can raise the cost of moving people and goods, while households and businesses that rely on petrol- or diesel-powered generators may face additional energy expenses.
The latest increases followed the rise in the gantry price of petrol by Dangote Petroleum Refinery to N1,350 per litre, reflecting the impact of higher crude oil prices and rising costs across the petroleum supply chain.
In a telephone interview with Vanguard, the National President of Oil and Gas Services Providers Association of Nigeria, OGSPAN, Mazi Colman Obasi, said: “The immediate trigger is the sharp rise in international crude oil prices, which has increased the cost of refined petroleum products and altered the economics of domestic fuel supply.
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