.Cooking gas jumps to N22,382 for 12.5kg cylinder
Nigeria's NBS reports petrol prices rose 18.97% month-on-month to N1,532.93/litre in April 2026, with diesel surging 50.16% to N2,474.69/litre, driven by Strait of Hormuz disruptions pushing Brent crude higher. For Nigerian operations, the diesel spike signals immediate pressure on data center backup power, logistics, and generator-dependent infrastructure costs — budget reviews for Q2 energy spend are warranted.
The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol witnessed an increase from N1,288.54 in...