Petrol prices have climbed sharply across Nigeria, with several filling stations dispensing fuel between N1,364 and N1,444 per litre on Workers' Day. Major marketers, including NNPCL, MRS, BOVAS, AP, and Mobil, adjusted prices to N1,364–N1,370 per litre. Other outlets like AA Rano and Ranoil sell as high as N1,440. The increase follows Dangote Refinery's price hike to N1,275 per litre, driven by global crude oil prices surging to $111 per barrel.
Key Points:
- Brent crude climbed to 111perbarrel, WTIto111perbarrel, WTIto105.
- The UAE's exit from OPEC has added to global oil market volatility.
- Prices have risen from around N900 per litre in February 2026.
- IPMAN spokesperson said Dangote Refinery has cushioned the impact, but volatility persists.
- Workers celebrate May Day with a minimum wage of N70,000 as fuel nears N1,500.
The price hike has intensified calls for urgent government intervention.
Sources: Daily Post
