Relief as Fuel Prices Crash at Depots Nationwide

Brent crude and West Texas Intermediate (WTI) are trading at between $102 and $107 per barrel, placing upward pressure on refined products prices globally and influencing the movement of petrol and diesel in Nigeria despite an improved supply outlook domestically.

Despite available refining capacity locally with the Dangote Refinery’s operationality, Nigerian depot prices continue to incorporate a mix of global crude oil trends and domestic supply conditions…......>>>