War: Fuel price hike makes adequate domestic crude supply inevitable – PETROAN

The Petroleum Products Retail Outlets Owners Association of Nigeria has stated that the latest substance terms hike nationwide makes it inevitable for the Nigerian authorities to prioritize accordant crude lipid proviso to section refineries to supply planetary crude terms volatility.

PETROAN spokesperson Joseph Obele disclosed this successful a connection connected Tuesday, quoting the National President, Billy Gillis-Harry.

This comes arsenic Dangote Refinery hiked the gantry substance price, which aboriginal triggered a nationwide retail petrol terms upward reappraisal owed to a crude terms hike arsenic a effect of the escalating warfare betwixt Iran, the US, and Israel successful the Middle East.

DAILY POST reports that connected Tuesday, Nigerian National Petroleum Company Limited, Ranoil, and Empire accrued their retail substance to betwixt N960 and N980 per liter. https://dailypost.ng/2026/03/03/nnpcl-other-nigerian-filling-stations-increase-fuel-price/

Reacting, PETROAN said the ripple effect of the Middle East struggle and home substance terms hike explained the urgent request for the Nigerian authorities to consolidate and fortify loc...