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Revealed: Why Dangote, depot owners may increase petrol prices again
🇳🇬 Nigeria · Economy · Bonny, Rivers State · 1 h ago
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Of particular concern is the Strait of Hormuz, a strategic shipping corridor through which a substantial proportion of internationally traded oil normally passes.
Although no fresh price adjustment has been announced, the sustained rise in crude prices could force refiners and importers to review their rates as replacement costs increase.
The rally followed growing concerns over possible renewed military strikes involving the United States and Iran, alongside attacks on critical energy infrastructure in the Middle East.
Reuters reported that Saudi Aramco evacuated personnel from its headquarters in Dhahran amid heightened security concerns.
A drone attack targeting the Shaybah oil field reportedly killed two people, while another attack on King Fahd International Airport in Dammam caused additional casualties.
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Revealed: Why Dangote, depot owners may increase petrol prices again
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