Oil
Manufacturers face fresh squeeze on rising diesel prices
CEII brief
BusinessDay reported on 29 Oct 2026: Manufacturers face fresh squeeze on rising diesel prices.
Read the full story on BusinessDay…hits N1,840 Nigerian manufacturers face another jump in energy costs after Dangote Petroleum Refinery raised its gantry price for diesel
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Original reporting © BusinessDay. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
