Petrol price hits N1,400 per litre in Nigeria

Petrol prices have reached N1,400 per litre across Nigeria, according to a Daily Trust report. This development is said to be deepening the woes of Nigerians. The article features contributions from correspondents in multiple cities.

A Daily Trust article published on 2026-03-23 reports that petrol has hit N1,400 per litre in Nigeria, deepening citizens' woes. The piece is credited to reporters Abdullateef Aliyu and Dotun Omisakin from Lagos; Ahmad Datti from Kano; Mumini Abdulkareem from Ilorin; Bassey Willie from Port Harcourt; and Philip Shimnom Clement from Abuja. This multi-city byline suggests the price surge affects various regions. No specific causes or further details on the price increase are provided in the available source excerpt.

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Realistic depiction of a gas station with surging fuel prices amid US-Iran tensions and oil disruptions.
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Oil firms hike fuel prices again on April 7

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Oil companies raised fuel prices again on Tuesday, April 7, 2026, with diesel hikes up to P19.80 per liter. The increases stem from ongoing US-Iran tensions and global oil supply disruptions. This marks the 13th to 15th consecutive weekly rise.

Oil companies implemented major fuel price hikes effective April 7, pushing diesel prices past P140 to P150 per liter in several areas. The increases stem from volatility in global crude markets reacting to Middle East conflict. These mark historic highs despite staggered adjustments.

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The Nigerian Federal Government has announced that prices of petrol, diesel, and LPG will continue to decline. This statement comes amid ongoing economic adjustments in the energy sector.

As the US-Israeli war with Iran enters its second week, oil prices have surged to $104-$120 per barrel amid Strait of Hormuz blockades, intensifying inflation and fuel cost fears in South Africa. With the rand at R16.90/$, analysts predict petrol above R23/litre and potential SARB rate hikes.

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Ethiopia's Ministry of Trade and Regional Integration has raised fuel prices effective April 1, 2026, with white diesel increasing by 16.6% to 163.09 birr per liter. The move comes as the fuel subsidy burden reaches nearly 272 billion birr. Officials cite global oil market disruptions from Middle East conflicts.

As predicted last week, gasoline prices have increased by P0.20 per liter for the third straight week, while diesel and kerosene see a P0.20 per liter rollback effective today.

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South Africa's Fuels Industry Association states that fuel supplies are stable but tight, especially for diesel, ahead of price increases on 1 April 2026. President Cyril Ramaphosa said he and Finance Minister Enoch Godongwana are concerned about the situation. Taxi operators and consumers warn of impacts from hikes exceeding R5 per litre for petrol and nearly R10 for diesel.

 

 

 

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