Dangote Petroleum Refinery has increased the price of fuel to N1,245 per litre, marking the fourth adjustment in March.
The development reflects ongoing volatility in the downstream oil sector, influenced by factors such as global crude oil prices, exchange rates, and distribution costs. Industry analysts have warned that frequent price changes could have ripple effects across the economy.
Consumers have expressed concern over the rising cost of fuel, which directly impacts transportation and the prices of goods and services. Many Nigerians are already grappling with inflation, and the latest hike is expected to further strain household budgets.
Stakeholders have called for policy measures to stabilize the market and reduce dependence on external factors.
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