Brent Crude & Jet fuel

Brent Crude: Brent crude prices have risen sharply due to the Iran war and the closure of the Strait of Hormuz, impacting global inflation and economic outlook.

Jet fuel: Jet fuel>>> prices have nearly doubled, accounting for a significant portion of the war-related costs for airlines.

Brent Crude: Brent Crude prices directly influence the cost of refined petroleum products in Nigeria, with declines in its price leading to reductions in petrol and diesel prices by Dangote Petroleum Refinery and calls for similar reductions from marketers.

Jet fuel: The ex-depot price of Jet A1 aviation fuel has been reduced by Dangote Petroleum Refinery, contributing to lower costs for the aviation sector.

Jet fuel: Jet fuel is the commodity at the center of this crisis, with shortages, soaring prices, and potential flight cancellations due to supply disruptions from the Strait of Hormuz.