…tensions in the Middle East pushed up energy costs and contributed to higher domestic fuel prices.
…states said they had received no CNG buses, while commercial operators pointed to high fuel prices, costly spare parts and poor road conditions as barriers to any reduction.Drivers blamed high fuel costs and poor roads as transport fares stayed high across Nigeria. Photo Sulaiman>Tinubu had on September 19 urged state…
…the less you see. Inflation is not coming down at all. “Inflation is about 35 percent. Fuel prices went up from N1,100 to N1,500, and inflation is coming down. What kind of voodoo economics is that when you know that transport is at the root of everything? “The worst thing that this government is doing is not only that…
…above $107 per barrel on Monday, September 28, reversing a decline that had pushed depot fuel prices lowerSeveral Lagos, Warri, Port Harcourt and Calabar depots cut petrol and diesel prices between September 21 and 25The crude rebound followed Iran's rejection of a seven-day truce proposal linked to the Strait of Hormu…
…draft regulations would prohibit agreements among competing operators to coordinate fuel prices, restrict supplies or divide customers and territories, while opening critical infrastructure to qualified businesses.Dangote loses major fuel battle against the FG amid new price-fixing rule by NMDPRA. ImagesThe proposals c…
…seed costs are squeezing onion supplies before they reach urban marketsTransport costs, fuel prices and spoilage are worsening pressure on households, restaurants and food vendorsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Pascal Oparada is a journalist wit…
…via Getty ImagesImagesThe post attracted attention amid ongoing conversations about fuel prices across West Africa, prompting a fact-check.What the findings showedX post below:Dangote increases petrol price by N85Legit.ng earlier reported that the Dangote Petroleum Refinery has raised its ex-gantry price for petrol by…
…exporting country. He called for stronger planning and regulation, adding that domestic fuel prices should not automatically rise whenever there is a geopolitical crisis abroad. “It can not just be that any time Iran attacks the U.S. or there is another conflict, the price goes up. We have to plan. And that is the only…
…for pilots, meaning we earn Naira but spend USD,” Olawuyi explained.On the issue of fuel prices, he said it represents another significant burden that airlines pass on to consumers. He said airlines went from buying fuel at N900 in December 2025 to N3,000 in 2026. He added that this illustrates the cost of operations t…
…Government to intervene in the operations of Dangote Refinery to help reduce retail fuel prices. The National President of IPMAN, Abubakar Maigandi, made the appeal in an interview with DAILY POST on Tuesday. His appeal comes as fuel prices rose significantly to between N1,310 and N1,345 per litre in Abuja and its envi…
…and PETROAN, Abubakar Maigandi and Billy Gillis-Harry, respectively, blamed the rising fuel prices on the escalating conflict between the United States and Iran and the pricing of petroleum products by suppliers. DAILY POST reports that fuel pump prices have increased to between N1,310 and N1,345 per litre from between…
…conflict in the Gulf region, according to the Financial Times. In Nigeria, domestic fuel prices jumped by between N46 and N100 per litre to between N1,310 and N1,345 per litre, from N1,210 to N1,275, at MRS, the Nigerian National Petroleum Company Limited (NNPCL), Ranoil and other filling stations in Abuja and its envi…
…States conflict, adding that the conflict had contributed to the recent increase in fuel prices. He argued that restoring fuel subsidy would place an unbearable financial burden on the country, questioning where the resources would come from to sustain such payments. ” Previous administrations often resorted to borrowi…
…domestic refining capacity and providing targeted, transparent support to reduce fuel prices and ease the cost of living. The subsidy debate is expected to remain a major issue ahead of the 2027 general election, with opposition parties increasingly making the cost of living, petrol prices, food inflation, unemployment…
…at various outlets ranging from N1,315 to above N1,400 per litre depending on location.Fuel prices have jumped across Nigeria, with some filling stations now selling petrol above N1,400 per litre. Photo: BloombergImagesPAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!Depot Prices Fuel th…
…prioritise domestic refining with targeted and transparent support aimed at lowering fuel prices and the cost of living. “The 2027 election will not be about who shouted ‘liar’ the loudest. It will be about who can put food on Nigerians’ tables, create jobs, provide security, and reduce the cost of living,” the ADC sai…
…influence of local supply, refining, logistics and market conditions on downstream fuel prices. According to OilPrice.com, Brent crude stood at $88.10 per barrel, down 0.47 per cent, while West Texas Intermediate, WTI, fell 0.16 per cent to $83.40 per barrel. However, petrol prices at major Nigerian depots remained ele…
…on restoring petrol subsidy had not changed and would not change.Atiku blamed rising fuel prices under Tinubu's administration for driving up transport and food costs for Nigerian families.
…both economic and physical security if elected. Atiku further stated that the rising fuel prices had increased transport and food costs, placing greater pressure on households. He stressed that he would support local production, help businesses grow and make wages more valuable for Nigerians. 2027: We’re competing ag…
…of petrol subsidy, with proponents arguing that it would cushion the impact of high fuel prices and the rising cost of living. However, Idris maintained that returning to the former subsidy regime would undermine the fiscal gains achieved since the removal of the subsidy and expose the country to the same structural pr…
…because it was not accompanied by sufficient measures to cushion the impact of higher fuel prices. He cited the current petrol price, which he put at about ₦1,300 per litre, saying a Nigerian with a 100-litre vehicle tank would require about ₦130,000 to fill it. “That is almost two times the minimum wage of a Nigerian,…
…price by N20 to N1,185 per litre and AGO by N100 to N1,670, increasing pressure on local fuel pricesPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Legit.ng journalist Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, banking and the economy.Petrol depot prices incr…
…US-Iran diplomatic talksNigeria's deregulated fuel market means international crude prices directly shape what consumers pay at the pumpAnalysts warn that naira movements and stock purchased at higher prices could delay any relief for Nigerian motoristsPAY ATTENTION: Find it fast with our new search feature at Legit.ng…
…of Nigeria, obtained by The PUNCH, showed a clear relationship between rising fuel prices and weakening demand for the country’s three major petroleum products. According to the report, the average retail price of Premium Motor Spirit (petrol) rose from N1,035 per litre in January to N1,051 in February, before climbing…
…litres. The development comes against the backdrop of a sharp increase in aviation fuel prices that recently pushed up the cost of air travel in Nigeria. In March 2026, Jet A-1 prices rose from about N900 per litre in January to N2,557 per litre by the end of March, representing an increase of 184 per cent. The surge,…