Fuel Price Hikes Driven By Market Expectations, Global Oil Volatility – Iledare
An energy expert, Prof. Wumi Iledare, says recent increases in petrol pump prices in Nigeria are largely driven by market expectations and fluctuations in global crude oil prices. Iledare, a Professor Emeritus of Petroleum Economics and Policy Research at Louisiana State University’s Centre for Energy Studies, said fuel prices in the short term often respond…