The price of petrol in Nigeria has increased again, with filling stations in Lagos raising the price per liter from ₦860 to ₦930.
In Abuja and major northern cities, petrol is now sold between ₦950 and ₦970 per liter, reflecting an increase of ₦70 to ₦90 within just a few days.
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The price hike is linked to an ongoing dispute between Dangote Refinery and the Nigerian National Petroleum Company Limited (NNPCL) over crude oil sales.
Recently, Dangote Refinery announced that it would no longer sell fuel in Naira due to challenges in sourcing crude oil domestically.
This decision has disrupted fuel supply, forcing marketers to increase prices.
Some independent filling stations have also followed suit by raising their prices, further worsening the economic strain on citizens.
The rising cost of petrol means higher transportation fares and increased prices of essential goods, making life even more difficult for the people.
Energy experts have warned that if the crisis is not resolved soon, petrol prices could exceed ₦1,000 per liter in some areas.
The federal government had previously ordered that crude oil be sold to local refineries in Naira to stabilize fuel prices, but this agreement expired in March 2025.
Negotiations for a new agreement are currently underway.
As the dispute continues, Nigerians are feeling the impact. Long queues have been reported at some fuel stations, while businesses that rely on generators for electricity are struggling with increased operational costs.
Many are calling on the government to intervene urgently to prevent further hardship.