The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says petrol price in Nigeria may rise to as high as N2,000 per litre if the Middle East war persists.
In a statement on Monday, Billy Gillis-Harry, national president of PETROAN, said diesel price could rise to about N3,000 per litre if the current situation continues.
“PMS could rise close to N2,000 per litre while AGO may approach N3,000 per litre if the situation persists,” Gillis-Harry said.
The PETROAN executive said with no clear end to the conflict, petroleum product prices in both international and domestic markets are expected to rise sharply in the coming days.
