Petrol prices across Nigeria have climbed sharply following a fresh upward adjustment by Dangote Refinery, with filling stations in Abuja and other major cities swiftly revising their pump prices.
Checks by DAILY POST reveal that retail outlets, including MRS and BOVAS, have increased their petrol prices to between ₦1,365 and ₦1,370 per litre, up from previous rates of ₦1,292 and ₦1,295. This reflects an increase of about ₦75 to ₦78 per litre within hours of the refinery’s decision.
The development comes after Dangote Refinery on Wednesday raised its gantry price of petrol by ₦75, moving from ₦1,200 per litre amid rising global crude oil prices. Oil benchmarks have surged above $115 per barrel, driven in part by the United Arab Emirates’ recent exit from the Organization of the Petroleum Exporting Countries (OPEC), a move that has heightened concerns over global supply dynamics.
Nigeria, heavily reliant on global oil price trends, continues to feel the ripple effects of volatility in the international market, further exacerbated by ongoing geopolitical tensions in the Middle East.
Since February 2026, petrol prices in the country have experienced a steady upward trajectory, climbing from approximately ₦800 per litre to nearly ₦1,400, placing additional strain on consumers and businesses already grappling with economic pressures.
Industry observers warn that unless global crude prices stabilize, Nigerians may face further increases in the coming weeks.
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