Dangote Refinery may increase petrol prices again as Brent crude oil approaches $100 per barrel, according to Legit.ng. The rising global crude price is reportedly driving up replacement costs for the refinery and adding pressure across Nigeria's downstream petroleum market. The potential price hike would come at a time when fuel costs remain a major concern for Nigerian consumers and businesses. Further details on the timing or scale of any adjustment were not provided in the report.

Global oil prices have decreased to levels not seen since before the US-Iran war, leading to expectations for lower petrol prices, according to Daily Trust. Despite this drop, fuel prices in Nigeria continue to exceed N1,000, raising concerns about the slow transmission of global market changes to local consumers and businesses.

Despite a decline in global oil prices to levels seen before the US-Iran conflict, petrol prices in Nigeria remain high, leading to rising expectations among the public for a decrease in local fuel costs, according to Naija News.

Petrol prices in Lagos have risen to N1,310 per litre amid tensions in the global oil market. According to Goldman Sachs, crude oil prices could climb to $120 per barrel globally due to supply risks linked to the Middle East, which could push fuel costs higher worldwide.

Diesel prices in Nigeria have reached N2,000 per litre, according to a report from Tori.ng, marking a fresh surge in energy costs for consumers. The increase has been observed across Abuja and nearby areas, adding to the financial strain on Nigerians who rely on diesel for transportation, business operations, and power generation. The report, published on 4 September 2026, describes the price level as a new high, though further details on the causes or duration of the surge were not provided in the source material.

Oil prices approached $100 a barrel, with traders and analysts warning of a renewed supply crunch, according to ThisDay Live. The surge is attributed to hostilities between the United States and Iran, which have exacerbated concerns over global oil supply. The report, filed by Emmanuel Addeh in Abuja, highlights growing anxiety in energy markets about potential disruptions, though the feed provides no further details on production figures, market reactions, or official responses from either country.