Middle East Crisis Pushes Petrol Above N1,000, Raises Transport, Food Costs
Escalating tensions in the Middle East are beginning to ripple through Nigeria's economy, as rising global crude oil prices push up the cost of petrol and trigger increases in transport fares and food prices across several parts of the country. Across major cities including Lagos, Abuja, Kano, Kaduna, Port Harcourt and Yenagoa, motorists and commuters are facing a fresh round of petrol price adjustments, with the pump price of Premium Motor Spirit (PMS) climbing to between N1,020 and N1,100 per litre at many filling stations.

