Dangote Refinery has increased the ex-depot price of petrol by 3.15 naira, adjusting amid rising Brent crude prices, which have reached approximately $114.80 per barrel. This increase follows a trend of rising global oil prices linked to tensions in the Middle East.
NNPCL has increased the selling price of Nigeria's flagship crude grade, Bonny Light, to $37 per barrel in May, reflecting a rise in global oil prices due to tensions in the Middle East. This adjustment is expected to stabilize oil revenue.
NNPC has increased the official selling price of Nigerian crude grades in May, with Bonny Light rising by $6.13 per barrel and Forcados by $7.01 per barrel, influenced by escalating tensions in the Middle East due to the US-Iran conflict.
