A petrol pump attendant picks up a nozzle to refuel a vehicle at an Indian Oil fuel station in Varanasi on March 10, 2026. The oil price spike caused by the war in the Middle East has sparked exasperation at petrol pumps around Asia, where many economies are heavily dependent on fossil fuel imports. (Photo by Niharika KULKARNI / AFP)
Many filling stations across the Federal Capital Territory have increased the pump price of Premium Motor Spirit, popularly known as petrol.
The development came despite a decline in international crude oil prices from $92 per barrel to $87.31 per barrel.
Brent crude stood at $88.10 per barrel, down 0.47 per cent, while West Texas Intermediate fell 0.16 per cent to $83.40 per barrel.
The News Agency of Nigeria reports that Dangote Refinery increased its gantry price, or ex-depot price, from N1,165 per litre to N1,185, and subsequently to N1,200 and N1,265 within the last one week.
