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Fuel Price In Nigeria May Soon Increase Amid US War With Iran
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Nigeria could soon face another round of petrol and diesel price increases following renewed conflict between the United States and Iran, which has unsettled the global crude oil market.
Energy analysts say escalating hostilities in the Middle East are already pushing risk premiums into oil prices and could directly affect fuel costs in Nigeria despite recent gains in local refining capacity.
Checks by POLITICS NIGERIA in major cities show petrol selling between N824 and N880 per litre, depending on location and logistics. This comes shortly after the Dangote Petroleum Refinery reduced its ex-depot price of petrol from N799 to N774 per litre in February 2026.
However, experts warn that the relief may be short-lived if crude oil prices approach the $90 per barrel mark due to the conflict.
The tension has disrupted tanker movements around the strategic Strait of Hormuz, a key route for global oil shipments. The corridor handles more than 20 per cent of the world’s oil supply, and any threat to it usually sends prices upward.
Speaking on the implications for Nigeria, Kelvin Emmanuel, Chief Executive Officer of Dairy Hills, said the country remains exposed because the Dangote refinery still relies heavily on imported crude.
He said, “Dangote currently processes an average of 18 million barrels of crude oil monthly. Out of this, about 12 million barrels are imported, while he gets about 5.7 million barrels, which is the equivalent of six cargoes, from the Nigerian National Petroleum Company Limited.”
He added that rising war risk insurance premiums for tankers would further increase landing costs of crude in Nigeria.
According to him, “If crude prices rise above $90 per barrel, the refiner will have to revise the price of PMS and diesel in Nigeria.”
Emmanuel also questioned the transparency of the naira-for-crude deal, stating, “The government claims that it supplies him nearly 190,000 barrels under the naira-based crude swap but is unable to account for the volume of cargoes given under said arrangement, or specify the equivalent petrol and diesel output.”
Olatide Jeremiah, Chief Executive Officer of Petroleumprice.ng, said Nigeria’s dependence on foreign crude makes local fuel prices vulnerable to international shocks.
He explained, “Nigeria is the largest crude oil producer in Africa and at the same time hosts the biggest refinery on the continent and the seventh largest globally. Ideally, a hike in global crude prices should not have a direct impact on local fuel prices.”
But he warned that the situation is different in practice.
He said, “Fuel prices will be at the mercy of oil prices. Petroleum traders in Nigeria have been tracking events between Iran and the US, and a surge in oil prices is expected. For Nigeria, revenue will increase, but Nigerians should brace for higher fuel prices on Monday, no doubt.”
Jeremiah urged the federal government to boost crude production and curb oil theft, describing the crisis as a wake-up call for domestic supply to refineries.
An energy law expert at the University of Lagos, Dayo Ayoade, said Nigeria can no longer shield citizens from global oil price swings following the removal of fuel subsidies.
He noted, “Without subsidies, any crude price increase will directly impact fuel prices at the pump. More revenue may come in, but we must remain cautious.”
Petroleum economist Wumi Iledare cautioned against panic, saying the global oil market is now more diversified than in past crises.
He said, “We must resist the temptation to interpret the US–Iran strike as the beginning of another historic oil shock.”
Meanwhile, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said marketers were watching developments closely.
He stated, “Anything that affects the international oil market will affect local supply and prices. We are watching the trend and the reactions of the refinery and the government.”
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C’River: Pastor allegedly beats 14-yr old girl to death over claims of theft
Tragedy truck in Wula, in Eastern Boki, Boki local government area of Cross River state when a pastor allegedly beat a 14-year-old girl, Nancy Peter to death.
The incident sparked outrage after allegations that she was first beaten by her mother and later flogged by a pastor over claims of theft.
In a statement by the Cross River State Police Relations Officer, ASP Sunday Eitokpah, he disclosed that preliminary findings indicate that the victim, identified as Miss Nancy Peter, was first assaulted by her mother, Mrs. Agnes Peter, 45, before being taken to Pastor Samson Roman Dago, 43, who allegedly subjected her to further corporal punishment with a cane.
He said a full-scale investigation has begun to really establish the exact circumstances surrounding the incident and determine the involvement of all those linked to the tragedy.
The command also dismissed, for now, social media claims that the girl was sexually assaulted, saying no evidence had been found to support such allegations.
It added that medical examinations and other investigative steps were ongoing.
Some village sources said the teenager became unconscious after the beating and was rushed to a medical facility in Wula Community, where doctors confirmed her dead on arrival.
Vanguard gathered that the community has now been left in shock, as the death has revived painful concerns about the dangers of corporal punishment and the need for greater child protection.
A child rights advocates, James Ibor esq, and principal Counsel at Basic Rights Counsel Initiative, ( BRCI)said that physical punishment does not correct children; it scars them, deepens fear, and can lead to irreversible harm.
“It is reprehensible and heartbreaking , that in 2026 this kind of barbaric act will still be happening, after the child rights act was passed since 2023.
“I’m calling on the Commissioner for police not to allow this girl’s murder to go unpunished , neither should it be forgotten like other murders of this nature.
“A child should never be disciplined to the point of collapse. This is a tragedy that should never have happened, the police must do everything possible to ensure the girl get’s justice , it is a sad development, ibor said.
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Tinubu back to Abuja after Eid-el-Kabir break
President Bola Tinubu returned to Abuja on Tuesday evening after spending the Eid-el-Kabir holiday in Lagos, where he carried out a string of political and official engagements, the Special Adviser on Information and Strategy, Bayo Onanuga, said in a statement.
The President’s aircraft touched down at the Presidential Wing of Nnamdi Azikiwe International Airport at 5:17 p.m., and he was received by senior government officials, including the Minister of the Federal Capital Territory, Nyesom Wike; Chief of Staff, Femi Gbajabiamila; National Security Adviser, Nuhu Ribadu; and Inspector General of Police, Tunji Disu.
During the holiday period, Tinubu received Vice-President Kashim Shettima and other visitors during the traditional Sallah homage from several political leaders. “I thank all those who came to observe the Sallah rites with me,” the President was quoted to have said in the statement, noting the visits by top legislators and party leaders.
The President also hosted the leadership of the Senate, led by Senate President Godswill Akpabio, and welcomed members of the Nigeria Governors’ Forum under the chairmanship of Kwara State Governor, AbdulRahman AbdulRazaq. APC stakeholders from Oyo State—including the party’s governorship candidate, Sharafadeen Alli—and the party’s House of Representatives and State Assembly candidates from Lagos were among those who visited the President during the holiday.
On Monday, Tinubu attended the International Fleet Review at Eko Atlantic City Waterfront, an event marking the 70th anniversary of the Nigerian Navy. There he commissioned three naval vessels—NNS Oloibiri, NNS Mambila, and NNS Gurara—underscoring his administration’s focus on maritime security. “The commissioning of these vessels is a step toward protecting our maritime domain and supporting national security,” the President said.
Also on Monday, President Tinubu met with the President of the Republic of Benin, Romuald Wadagni, in what the statement said “reinforced the longstanding bond of friendship, regional cooperation, and economic partnership between the neighbouring countries.”
The statement added that before the holiday, the President participated in the All Progressives Congress (APC) primaries in Lagos, voting in his own primary and receiving the party’s endorsement.
The statement reiterated that President Tinubu was endorsed nationwide by close to 11 million voters as the APC’s flagbearer for the 2027 presidential election.
News
Boko Haram: NAF Chief assures of people-centred air operations
The Chief of the Air Staff (CAS), Air Marshal Sunday Aneke, has again reaffirmed the commitment of the Nigerian Air Force (NAF) to conducting professional, responsible, and people-centred air operations in its ongoing counter-terrorism and other security operations across the country.
Aneke also assured that the commitment of the NAF remains steadfast in its resolve to institutionalise Civilian Harm Mitigation and Response (CHMR) across all levels of operations as part of its commitment to global best practices.
The CAS made this known while declaring open the maiden NAF Seminar on Civilian Harm Mitigation and Response for strategic-level officers.
The one-day seminar, which was held at the MD Umar Blue Room, Headquarters Nigerian Air Force in Abuja, brought together an array of senior military officers, security stakeholders, policy experts, civil society representatives, journalists, and subject-matter experts to deepen institutional understanding of civilian protection considerations in contemporary military operations.
In his address at the seminar, Air Marshal Sunday Kelvin Aneke, who described the initiative as a significant milestone in the NAF’s continuous efforts to strengthen professionalism, accountability, and operational effectiveness, noted that the evolving security environment requires military leaders to balance mission accomplishment with the protection of civilian lives and property, stressing that strategic-level officers play a critical role in shaping operational decisions, institutional responses, and public narratives.
While noting that the NAF remains steadfast in its resolve to institutionalise Civilian Harm Mitigation and Response across all levels of operations as part of its commitment to global best practices, the CAS said maintaining public trust and confidence is essential to achieving lasting operational success.
He said, “Civilian Harm Mitigation and Response is not a constraint on our operational effectiveness; rather, it is a framework that enhances precision, improves decision-making, and ultimately preserves strategic legitimacy.”
He further stressed that civilian protection considerations enhance mission effectiveness by promoting informed decision-making, accountability, and operational discipline.
Earlier, in his welcome address, the Chief of Civil-Military Relations (CCMR), Air Vice Marshal Edward Gabkwet, described the seminar as a landmark initiative in the Nigerian Air Force’s ongoing efforts to strengthen professionalism, accountability, and civilian protection in military operations.
He noted that modern military operations demand a careful balance between mission accomplishment and humanitarian considerations, particularly in complex operational environments where civilians are often present.
According to the CCMR, “Operational success is not defined solely by tactical achievements, but by the ability to conduct operations with precision, discipline, restraint, and utmost regard for the safety, dignity, and wellbeing of civilian populations within areas of operation.”
Air Vice Marshal Gabkwet further highlighted the NAF’s deliberate efforts to strengthen Civilian Harm Mitigation and Response through doctrine development, training, and capacity-building initiatives. He noted that the seminar was organised at the directive of the Chief of the Air Staff to enhance strategic-level understanding of CHMR principles and equip senior leaders with practical tools for balanced, objective, and timely decision-making. He added that effective civilian harm mitigation requires collaboration among military, paramilitary, and civilian stakeholders, making the broad participation at the seminar both timely and essential.
The seminar featured presentations and discussions by renowned experts in civilian protection, human rights, and military operations, providing participants with a platform for constructive dialogue on best practices, operational lessons, and practical approaches to minimising civilian harm while maintaining operational effectiveness.
The Chief of the Air Staff expressed confidence that the outcomes of the engagement would further strengthen the Nigerian Air Force’s commitment to professionalism, operational excellence, and accountability while reinforcing its determination to protect civilians and uphold the highest standards in the conduct of air operations.
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