This post was originally published on this site.
Depot prices for petrol rise by approximately ₦45 per litre amid global crude oil surgeAnalysts warn that rising import costs will increase fuel prices, straining consumers already facing inflationIPMAN calls for urgent reassessment of fuel import licences to prevent further price hikes and naira pressure
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The latest market survey shows that depot prices rose by about 3 per cent on Monday, July 20, 2026, with most marketers increasing rates by approximately ₦45 per litre.
The development comes as global crude oil prices climb sharply, pushing up the cost of refined petroleum products and intensifying pressure on Nigeria’s downstream sector.
Marketers hike fuel prices nationwide as crude oil surges; Dangote suspends loading. Credit: NovatisSource: UGC
Depot prices surge nationwide
Several major private depots announced new petrol prices, reflecting the growing impact of rising crude oil benchmarks on local
