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Petrol prices in Nigeria rise as depot operators increase rates amid soaring global crude oil pricesStrait of Hormuz disruptions threaten supply chains and could push energy costs higher for NigeriansExperts warn of imminent petrol price hikes due to elevated crude oil rates and logistics challenges
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Petrol prices are coming under fresh pressure in Nigeria as private depot operators raise their rates amid a surge in global crude oil prices and continued disruption to shipping through the Strait of Hormuz.
The latest adjustments have triggered concerns that filling stations could increase pump prices further if the rise in crude persists and supply-chain pressures intensify.
Nigerians to face fresh petrol price shocks as depots raise fuel prices. Credit: Bloomberg/ContributorSource: Getty Images
As of 6:29 a.m. WAT on Tuesday, August 11, 2026, Brent crude was trading at $88.04 per
