Transport fares have increased in parts of the country as petrol prices climbed to as high as N1,400 per litre following a fresh surge in global crude oil prices.
The latest increase comes as Brent crude rose above $100 per barrel while U.S. benchmark West Texas Intermediate (WTI) rose to $92.71 per barrel amid renewed tensions in the Middle East, triggering higher ex-depot and pump prices across the country.
Fresh loading data obtained from petroleum marketers showed increases in ex-depot prices across Lagos, Warri and Calabar. In Lagos, A.A. Rano raised its ex-depot price from N1,275 to N1,279 per litre, while African Terminal, Ascon, Gulf Treasure, Integrated and T.Time increased theirs to N1,275 per litre. EMADEB, however, reduced its price from N1,278 to N1,274 per litre.
Dangote Refinery also resumed gantry loading of Premium Motor Spirit (PMS) in naira after a week-long suspension, increasing its ex-depot price from N1,075 to N1,215 per litre, representing a 13.02 per cent increase
By : Guardian Nigeria
Date: 25 July 2026 4:44am WAT
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A petrol station on the peninsula
Transport fares have increased in parts of the country as petrol prices climbed to as high as N1,400 per litre following a fresh surge in global crude oil prices.
The latest increase comes as Brent crude rose above $100 per barrel while U.S. benchmark West Texas Intermediate (WTI) rose to $92.71 per barrel amid renewed tensions in the Middle East, triggering higher ex-depot and pump prices across the country.
Fresh loading data obtained from petroleum marketers showed increases in ex-depot prices across Lagos, Warri and Calabar. In Lagos, A.A. Rano raised its ex-depot price from N1,275 to N1,279 per litre, while African Terminal, Ascon, Gulf Treasure, Integrated and T.Time increased theirs to N1,275 per litre. EMADEB, however, reduced its price from N1,278 to N1,274 per litre.
Dangote Refinery also resumed gantry loading of Premium Motor Spirit (PMS) in naira after a week-long suspension, increasing its ex-depot price from N1,075 to N1,215 per litre, representing a 13.02 per cent increase
