Petrol prices have climbed to as high as N1,400 per litre across Nigeria, leading to fresh increases in transport fares and worsening the cost of living for many Nigerians.
POLITICS NIGERIA reports that the latest increase follows a surge in global crude oil prices.
This comes days after Dangote Petroleum Refinery resumed the sale of Premium Motor Spirit (PMS) in naira and raised its ex-depot price from N1,075 to N1,215 per litre, representing a 13.02 per cent increase.
The refinery had suspended petrol sales in naira on July 15 and temporarily switched to dollar pricing, citing difficulties in accessing sufficient crude oil under the Federal Government’s naira-for-crude arrangement. It later reversed the decision after government intervention.
A notice issued by the refinery’s commercial department stated, “Please be advised that all unloaded gantry volumes will be subject to repricing at the new price, which is effective 22nd July 2026. Kindly proceed
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