Dangote Refinery may increase petrol prices again as Brent crude oil approaches $100 per barrel, according to Legit.ng. The rising global crude price is reportedly driving up replacement costs for the refinery and adding pressure across Nigeria's downstream petroleum market. The potential price hike would come at a time when fuel costs remain a major concern for Nigerian consumers and businesses. Further details on the timing or scale of any adjustment were not provided in the report.

Nigeria is set for a significant oil revenue windfall as escalating hostilities between the United States and Iran push crude prices above $100 per barrel, according to Vanguard. However, the country also faces renewed pressure on domestic fuel prices, inflation and operating costs. Latest market data showed the Organisation of Petroleum Exporting Countries Basket, which includes Nigeria's crude grades, trading above the $100 mark, highlighting both the fiscal opportunities and economic risks for Africa's largest oil producer.

Despite a significant drop in crude oil prices to $73 per barrel, petrol prices in Nigeria continue to remain high, with consumers hoping for a reduction below N1,000 per litre.

Brent crude has risen above $100 per barrel, a development with mixed implications for Nigeria, according to Legit.ng. The price surge could boost the country's oil revenues, given its status as a major crude exporter. However, it also raises concerns about rising inflation and higher fuel costs for consumers and businesses. The report frames the milestone as both good and bad news for Africa's largest oil-producing economy.

Manufacturers, bakers and economic experts in Nigeria have warned that diesel prices approaching N2,000 per litre in some parts of the country are increasing pressure on businesses, workers and consumers. According to Daily Trust, they fear the surge could raise production costs, worsen food inflation and deepen the cost-of-living crisis. The report, which also cites the Crude Oil Refinery Owners, highlights growing concern over the impact of fuel costs on the wider economy.

Oil marketers in Nigeria plan to raise pump prices of petroleum products after international crude benchmarks surged past $100 per barrel amid a Middle East crisis, Vanguard reports. The increase in crude costs is expected to raise expenses for marketers and put fresh pressure on domestic fuel prices, potentially affecting consumers across the country.