- Nigerians could pay more for fuel in the coming days as crude oil prices hit new high on the global market
- The rise follows voluntary production and export cut by Saudi Arabia and Russia until the end of the year
- For now, President Bola Tinubu has assured that there will be no increase in pump prices but the pressure could be to much to handle
The international benchmark for crude oil has increased to a high of $90 per barrel on Tuesday, September 5, 2023.
The latest price is the highest crude oil has sold in 2023, heightening speculations that Nigeria may see another petrol price increase in the coming weeks.
