2025-01-17 16:02
IndustryMarket: The Dominant Force in Oil Prices
The Independent Petroleum Marketers Association of Nigeria (IPMAN) revealed that gasoline stock prices surged by 4.7%, increasing from 907 naira per liter to 950 naira. This hike is closely linked to the rise in crude oil prices, which have climbed from $73 to $80 per barrel, directly impacting gasoline prices. To cope with the price fluctuations, many marketers have turned to Dangote Refinery, though this has also introduced some uncertainty regarding the future price trends.
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Market: The Dominant Force in Oil Prices
| 2025-01-17 16:02The Independent Petroleum Marketers Association of Nigeria (IPMAN) revealed that gasoline stock prices surged by 4.7%, increasing from 907 naira per liter to 950 naira. This hike is closely linked to the rise in crude oil prices, which have climbed from $73 to $80 per barrel, directly impacting gasoline prices. To cope with the price fluctuations, many marketers have turned to Dangote Refinery, though this has also introduced some uncertainty regarding the future price trends.
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