Fuel Prices Soar to N1,400/Litre as Dangote’s Depot Hike Sparks Fears of N3,000 Surge

Nigerians now face record fuel costs as Premium Motor Spirit (PMS) hits N1,400 per litre at some filling stations. Diesel prices have climbed to N1,750 per litre. The jump follows Dangote Refinery’s latest gantry price increase to N1,175 per litre for petrol and N1,620 per litre for diesel. Many outlets in Abuja and surrounding areas have updated pump rates to N1,350–1,400 per litre. The Presidency has remained silent on the crisis. Industry operators warn that without urgent market stability measures, pump prices could soar to N3,000 per litre. Analysts say retail rates now reflect global crude benchmarks, naira volatility and refinery operating costs. With Brent crude topping $100 a barrel, Nigerians brace for further economic hardship.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.