₦airaland Forum

Minister of State for Petroleum Resources, Heineken Lokpobiri
Escalating tensions between Iran and the United States could lead to a significant increase in petrol and diesel prices in Nigeria if global crude oil prices continue to rise.

Energy analysts warn that Nigeria remains vulnerable to global oil market fluctuations despite the presence of local refining capacity.

Recent market checks across major Nigerian cities show petrol selling between ₦824 and ₦880 per litre, depending on logistics costs and distribution factors.

The current pricing follows a recent adjustment by the Dangote Petroleum Refinery, which reduced its petrol gantry price by ₦25 per litre, bringing the ex-depot rate to ₦774 per litre.

Click the link below to read the full story
https://nationalnews.ng/https-nationalnews-ng-iran-us-conflict-nigeria-fuel-price-increase-2026/

Oh, that will serve our resident US/Israel worshipping warmongers right.
You support the unprovoked invasion and bombardment of another country based on lies.

You support the mass bombardment of innocent children in Gaza.

How can you be supporting evil and expect good things?

Supporting war criminals and expecting blessings?

KARMA has a way of coming back for you.

Enjoy the high prices. Pray things don't get worse as the invasion and conflict you support spreads across the middle east.

What about the areas it will favor Nigerian government.
That should be known too.

I don't think this minister knows what he's saying.

As the price of oil is going up, the price should be reduced in Nigeria as one of the oil importers as we would have made lots of gain with th increase which can be used to subsidized fuel temporary.

May be price of other good and service may go up

helinues:
I don't think this minister knows what he's saying.

As the price of oil is going up, it the price should be reduced in Nigeria as one of the oil importers as we would have made lots of gain with th increase which can be used to subsidized fuel temporary.

May be price of other good and service may go up

@bolded
Tinubu would rather die than pay subsidy

helinues:
I don't think this minister knows what he's saying.

As the price of oil is going up, it the price should be reduced in Nigeria as one of the oil importers as we would have made lots of gain with th increase which can be used to subsidized fuel temporary.

May be price of other good and service may go up

increase in price of crude could also lead to decline in the sales of the crude commodity.
trust your government they must shore up the price of petroleum products to meet the level of their concocted revenue.

magoo10:
increase in price of crude could also lead to decline in the sales of the crude commodity.

Crude is essential

It's the same crude oil of a thing that made china currency to be worthless globally

helinues:
Crude is essential

It's the same crude oil of a thing that made china currency to be worthless globally

even in elementary economics we are taught that the higher the price the lower the supply.

Dotherightthing:
@bolded
Tinubu would rather die than pay subsidy

But it's for temporary

magoo10:
even in elementary economics we are taught that the higher the price the lesser the supply.

It's not applicable to needs.

In the same economics, there is needs and wants

helinues:
It's not applicable to needs.

In the same economics, there is needs and wants

your needs and wants are determined by your purchasing power if you were buying 10 barrel yesterday at old price today you will be buying 9 if not less.

magoo10:
your needs and wants are determined by your purchasing power if you were buying 10 barrel yesterday at old price today you will be buying 9 if not less.

Is the war happening in every country to have reduced their purchasing power suddenly?

helinues:
Is the war happening in every country to have reduced their purchasing power suddenly?

the increase in price per barrel will do they don't need to be experiencing war.

Rubbish, just say that you incompetent lots are looking for opportunity to increase fuel price.. this is the time crude oil prices increase, Naija suppose to cash out sef.

As usual, cus the insecurities happening in Nigeria always triggers hike in price of goods and services in the western world. My ppl too dy ignorant.