Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Nigeria's Petrol Price May Soar as Crude Oil Hits $105 Per Barrel

Guavy AI Editorial Team
Instruments
Oil
Share

Crude oil prices have surged above $105 per barrel, prompting petroleum products retailers and marketers in Nigeria to consider another increase in the pump price of Premium Motor Spirit (PMS).

A crude oil price survey by DAILY POST showed that Brent crude and West Texas Intermediate (WTI) stood at $105.5 and $100.8 per barrel, respectively.

The spike in crude oil prices is attributed to retaliatory attacks on tankers by the United States and Iran amid the battle for dominance around the Strait of Hormuz.

Dangote Refinery's gantry price and ex-depot prices stood between N1,265 and N1,275 per litre, according to checks on PetroleumPrice.ng.

More on Commodities

Commodities 6m ago

Metal Prices Gain Momentum but Input Costs Weigh on Recovery

Commodities 7m ago

Gold Volatility Spikes as Rate Hike Bets Rise Amid Energy Costs

Commodities 7m ago

Silver Price Stalls at Key Resistance Ahead of Fed Rate Hike Decision

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy