Fuel prices have increased across Nigeria, with motorists now paying as high as N1,440 per litre at several filling stations following fresh price adjustments by major marketers.

Checks in different parts of the country show that pump prices now vary widely, with outlets operated by Nigerian National Petroleum Company Limited, MRS, BOVAS, Ardova Plc, and Mobil selling between about N1,364 and N1,370 per litre. Some independent stations, including AA Rano, Emedab, Empire Energy, and Ranoil, are charging higher rates that reach up to N1,440 per litre.

The latest increase represents a sharp jump compared to earlier in the year, when petrol sold at around N900 per litre in February 2026, highlighting continued pressure in the downstream oil sector.

Marketers attribute the rising prices to higher depot and gantry costs, driven by changes in global crude oil prices.

International benchmarks such as Brent and West Texas Intermediate (WTI) have climbed above $100 per barrel in recent weeks due to ongoing geopolitical tensions affecting key oil-producing regions.

The situation has been worsened by instability in global energy supply chains, which has influenced pricing for both imported and locally refined products.

Although Nigeria has expanded domestic refining capacity through facilities such as the Dangote Group refinery, industry stakeholders say local fuel prices remain closely linked to global crude oil trends, meaning international increases are quickly reflected at the pump.

Petroleum marketers and industry associations also note that fuel supply costs remain sensitive to fluctuations in the global oil market despite ongoing efforts to stabilise prices.

The continued rise in petrol prices is adding further pressure on households and businesses, with transport and commodity costs expected to remain elevated if global crude prices stay high.