Petrol prices have climbed to as high as ₦1,450 per litre in Abuja and ₦1,400 in parts of Lagos, adding fresh pressure on households and businesses already grappling with elevated transportation and operating costs.
The latest adjustments were recorded across filling stations in Abuja, Lagos and Ibadan, with several retailers raising their pump prices over the weekend. The increases follow higher ex-depot costs and a sharp rise in international crude oil prices amid escalating tensions in the Middle East.
In Abuja, AY Shafa moved its price from ₦1,350 to ₦1,395 per litre, while Optima and Empire outlets increased theirs to ₦1,450. A Mobil station in Kubwa was selling petrol at ₦1,400 per litre, up from ₦1,350.
Brandspur Brand News reports that motorists in Lagos are facing similar increases. Conoil at Ikorodu Garage sold petrol at ₦1,400 per litre on Sunday, compared with ₦1,300 the previous week, while an NNPC station at Berger raised its price from ₦1,299 to ₦1,380.
Bovas in Berger increased its pump price from ₦1,280 to ₦1,400 per litre. In Okota, MRS sold at ₦1,395, up from ₦1,310, while TotalEnergies adjusted its price from ₦1,325 to ₦1,385. An AP outlet in Ogba moved from ₦1,295 to ₦1,380 per litre.
The increases have also reached Ibadan. Ocean Breeze on Old Ife Road sold petrol at ₦1,370 per litre on Sunday after charging ₦1,300 a day earlier.
The latest retail adjustments follow increases at the depot level. Dangote Refinery raised its gantry price from ₦1,265 to ₦1,350 per litre, increasing the cost at which marketers obtain petrol before transportation and other distribution expenses are factored in.
Global oil prices have also surged as conflict in the Middle East creates uncertainty around supplies. Brent crude was trading around $104 per barrel on September 13, while West Texas Intermediate stood at about $99 per barrel.
Attention has focused particularly on the Strait of Hormuz, one of the world’s most important oil shipping routes, where escalating hostilities have disrupted normal maritime activity. Recent attacks and military actions involving Iran, the United States and Iran-aligned Houthi forces in Yemen have intensified concerns about energy supplies from the Gulf.
For Nigerian consumers, the higher pump prices could extend beyond the immediate cost of filling a vehicle. Businesses and transport operators that depend heavily on petrol face higher operating expenses, raising concerns about further pressure on transport fares and the cost of moving goods if elevated fuel prices persist.
