The latest price revision comes hours after The PUNCH projected that petrol prices could rise for the third time within a week following the temporary suspension of petrol sales at the refinery on Sunday. It also revised the gantry price of Automotive Gas Oil, commonly known as diesel, to N1,620 per litre. The new price is the third surge in petrol prices within a week, following adjustments that pushed gantry prices from N774 to N995 per litre. Officials, however, warned that the intervention may not immediately translate into lower petrol prices for consumers. Nigerians currently grapple with high fuel prices, following the recent hikes in the cost of the commodities by the $20bn Lekki-based refinery.

Source: Punch March 09, 2026 15:41 UTC