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.

Makala yanayohusiana

Illustration of rising fuel prices at a German gas station amid Iran war escalation, showing shocked drivers and political calls for intervention.
Picha iliyoundwa na AI

Oil prices rise up to 14 percent due to Iran war

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The escalation of the Iran war is driving up oil prices and causing noticeable increases at German gas stations. Diesel now costs an average of 2.04 euros per liter, gasoline 1.94 euros. Politicians are calling for government interventions against rising fuel costs.

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.

Imeripotiwa na AI

A conflict in the Middle East is expected to drive up oil prices, leading to higher fuel costs in South Africa from April. Economists predict petrol prices could rise by R5 to R8 per litre, impacting commuters, logistics and food prices. Retailers warn of increased transport and insurance costs amid shipping disruptions.

Oil prices peaked above $114 per barrel on March 9 as the Iran war intensified, building on yesterday's surge past $110. Indian markets plunged amid fuel cost fears, while Asian governments rolled out measures to shield consumers from spiking prices.

Imeripotiwa na AI

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.

Fuel prices are moving in opposite directions today amid recent geopolitical developments that have rattled global oil markets. Diesel will increase by P0.20 per liter and kerosene by P0.10, while gasoline will decrease by P0.10, according to major oil companies.

Imeripotiwa na AI

Gasoline and diesel prices rose moderately in South Korea on Sunday as the government considers adopting a price cap system amid concerns over rising energy prices due to the escalating Middle East conflict. According to the Korea National Oil Corp., the nationwide average gasoline price reached 1,893.3 won ($1.27) per liter, up 3.9 won from the previous day, while diesel increased 4.8 won to 1,915.4 won per liter.

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