Fuel marketers in Nigeria have warned that petrol prices could soar to N1,000 per litre following a surge in global crude oil prices, which have recently surpassed $70 per barrel, Peak Newspaper reports.
Industry experts say the rise in international crude costs is likely to translate into higher fuel prices locally, potentially straining household budgets and increasing transportation costs across the country.
Marketers are urging the government and regulators to prepare for the impact on consumers and the economy as oil prices remain volatile.
