Amid heightened tensions in Middle East, petrol price hits N1,450/litre in Abuja, N1,400/litre in Lagos
Petrol prices have increased across several filling stations in Abuja, Lagos, and Ibadan following fresh adjustments amid heightened tensions in the Middle East, leading to higher crude oil prices and supply costs.
Checks by TheCable on Sunday showed that several filling stations in the Federal Capital Territory (FCT) raised their prices to as high as N1,400 per litre.
AY Shafa increased its pump price from N1,350 to N1,395 per litre, while Optima retail outlet raised its price from N1,360 to N1,450.
Empire filling station in Gwarinpa also increased its pump prices from N1,370 to N1,450 per litre.
Mobil outlet in Kubwa also raised its petrol price to N1,400 per litre from N1,350.
The price increases were not limited to Abuja. At Conoil, in Ikorodu Garage in Lagos, petrol was selling at N1,400 per litre on Sunday, up from N1,300 last week.
An NNPC filling station at Berger, Lagos, also increased its price from N1,299 to N1,380 per litre.
Bovas filling station in Berger also had its petrol pump price changed from N1,280 to N1,400, while MRS in Okota sells at N1,395 — up from N1,310.
Total Energies in Okota adjusted its price from N1,325 to N1,385/litre, while AP at Ogba increased to N1,380 from N1,295.
In Ibadan, Ocean Breeze filling station on Old Ife Road was selling petrol at N1,370 per litre, compared with N1,300 on Saturday.
The latest upward price adjustments come after oil marketers reportedly increased ex-depot prices, including Dangote refinery, which raised its gantry price from N1,265 to N1,350 per litre.
The increase also followed a surge in international crude oil prices, which crossed a $100 per barrel, with Brent crude trading at $104 per barrel and West Texas Intermediate (WTI) at $99 per barrel as at September 13, 2026, amid continued uncertainty over the Middle East conflict.
On September 12, Saudi Arabia issued emergency alerts in two areas after explosions were heard off the coast of Iran’s Qeshm Island in the Strait of Hormuz.
The developments had come amid heightened tensions in the Gulf, with Iran targeting oil tankers passing through the strategic waterway and US bases in Gulf countries in retaliation for US military strikes on Iranian targets.
The United States has also targeted ships attempting to break its counterblockade of Iranian ports.
The Strait of Hormuz, a major global oil shipping route, has faced heightened disruption amid the escalating conflict.
There have been heightened regional tensions and a series of recent attacks on Saudi Arabia by Iran-backed Houthi fighters in Yemen.
On September 8, Saudi Arabia said attacks on several energy facilities in the southern region of the kingdom by Yemen’s Iran-aligned Houthis caused fires and forced a temporary halt to some operations.
The Houthis had also attacked Abha, Khamis Mushait and Jazan with ballistic missiles and drones, reportedly wounding 73 people and prompting Riyadh to intensify airstrikes against Houthi positions in Yemen.
FOX News reported that the US is maintaining its blockade on Iranian ports and have turned back at least 99 vessels in recent weeks.
