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Nigeria Fuel Prices Hit Record Highs

Fuel prices in Nigeria have climbed to record highs due to rising global oil costs. The increase brings fresh economic pressure on President Tinubu as upcoming elections approach.

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A customer stands near an attendant filling up his car at a filling station, as fuel costs rise in Abuja, Nigeria, September 21, 2026. REUTERS/Marvellous Durowaiye

Petrol prices in Nigeria climbed to 1,400 naira ($1.05) per litre in Lagos and Abuja this month, driven by higher global energy costs. The surge places renewed cost-of-living pressure on President Bola Tinubu's administration ahead of the January 16 general election.
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