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Nigeria fuel prices rise as global oil pressures add to cost-of-living concerns

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Petrol prices in Nigeria

Fuel prices in Nigeria have risen sharply as higher global crude prices add pressure to consumers and businesses. Reuters reported petrol prices around 1,400 naira per litre in Lagos and Abuja, with some northern locations reaching about 1,500 naira, while diesel prices have exceeded 2,000 naira. The developments come despite the Dangote refinery operating at high capacity.

Source: Reuters.

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