Nigeria, July 15 -- The News Chronicle reports that marketers may now require about $1.84 billion every month to purchase petrol, diesel and aviation fuel from the refinery. Industry experts believe the new arrangement could increase demand for foreign exchange, tighten liquidity, and expose consumers to more frequent fuel price changes.

Following the new pricing structure, petrol prices at depots have risen from around N1,137 to N1,250 per liter, while diesel prices have also increased sharply across several depots.

Analysts say the refinery's decision reflects growing reliance on crude oil purchased in dollars, making it difficult to sustain naira-based transactions. They also warned that marketers now face the challenge of buying pr...