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Petrol depot prices in Nigeria set to rise from N1,230 to N1,350 per litre starting July 17Motorists may face pump prices between N1,380 and N1,400 per litre due to rising costsNigeria’s inflation rate at 15.91% expected to increase with new fuel price adjustments
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Petroleum product importers have notified marketers across Nigeria of an impending increase in petrol depot prices, a move that could push pump prices to as high as N1,400 per litre nationwide.
The importers informed marketers on Thursday, July 16, 2026, that the depot price of Premium Motor Spirit (PMS), popularly known as petrol, will rise from N1,230 per litre to N1,350 per litre, citing the rising cost of imported fuel cargoes.
Marketers release a fresh timeline to hike petrol prices above N1,230 per litre. Credit: NovatisSource: Getty Images
New petrol prices to take
