Nigeria's fuel prices surge as the US-Israeli war on Iran disrupts global oil markets

Despite being one of Africa's largest oil producers, Nigeria is experiencing soaring fuel prices driven by global energy volatility linked to the US and Israel's war against Iran. The Dangote refinery produces 75 million litres of petrol daily—exceeding domestic demand—but disrupted crude supplies and surging global prices have pushed local petrol costs up 50 per cent in the first month of the conflict. Commercial operators and families are struggling as transport and food prices climb, forcing many to cut back on essential purchases and meals. The refinery is working to diversify crude sources and develop its own oil production to reduce dependence on volatile international markets. Al Jazeera's Ahmed Idris reports from Lagos, Nigeria. Subscribe to our channel: bit.ly
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