The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has cautioned that petrol and diesel prices in Nigeria could surge to N2,000 and N3,000 per litre respectively if current conditions persist, warning of increased hardship for Nigerians.

PETROAN’s National President, Billy Gillis-Harry, said the ongoing conflict in the Middle East, combined with crude oil prices above $100 per barrel, could push domestic fuel costs sharply higher. He noted that such increases would likely trigger inflation, job losses, higher transport fares, and rising prices for goods and services nationwide.

As a solution, PETROAN urged the Nigerian National Petroleum Company Limited (NNPC Ltd) to fully activate operations at the country’s local refineries, including the Area 5 unit at Port Harcourt and the Warri refinery, to boost domestic supply and stabilize prices.

The warning comes as Dangote Refinery and other depot owners raised petrol prices again, with Dangote’s gantry price hitting N1,175 per litre on Monday. Masters and Liquid Bulk depots followed with N1,100 per litre.

This marks the third increase in just one week, up from N799 per litre before the escalation of the Gulf conflict in late February 2026.
In Abuja, fuel outlets such as NNPCL, MRS, and AA Rano are currently selling petrol between N1,082 and N1,100 per litre, but prices are expected to climb further following Dangote Refinery’s latest adjustment.