Oil Shock Deepens Pressure on Nigeria's Petrol Prices

Nigeria’s petrol prices have climbed to about ₦1,395 per litre following another increase in Dangote Refinery’s gantry price, as global crude oil prices put pressure on the domestic market. The rise comes as tensions in the Middle East affect oil supplies and shipping routes around the Strait of Hormuz, pushing Brent crude above $100 per barrel and raising questions about the future of energy costs. Cheta Nwanze, CEO of SBM Intelligence, and Opadeji Opakunle, Head of Global Markets and Operations at Kainosedge Consulting, join the conversation. SUBSCRIBE to our YouTube channel:    / newscentraltvafrica   for more videos Follow News Central on: Facebook:   / newscentralafrica   Twitter:   / newscentraltv   Instagram:   / newscentraltv   LinkedIn:   / feed   Threads: https://www.threads.net/@newscentraltv TikTok:   / newscentraltv   WhatsApp: https://whatsapp.com/channel/0029Va4T... For more content, visit: https://newscentraltv.com #NewsCentral #Nigeria #Politics #AfricaFirst #Africa #News #WestAfrica #ECOWAS #Government #Governance