Fuel Scarcity 2026: Why Petrol Prices are Hitting ₦1,100 Amid Dangote Loading Halt and Middle East Crisis
Fuel Scarcity 2026: Why Petrol Prices are Hitting ₦1,100 Amid Dangote Loading Halt and Middle East Crisis
LAGOS, Nigeria — Nigeria is facing a fresh energy crisis as petrol pump prices surged past ₦1,100 per litre this week, triggered by a suspension of loading at the Dangote Petroleum Refinery and a volatile spike in global crude oil prices driven by the escalating Middle East conflict.
Dangote Refinery Halts Loading Amid Price Adjustments
As of March 9, 2026, truck-out operations at the 650,000-barrel-per-day Lekki facility have reportedly stalled. While refinery officials have downplayed reports of a total shutdown, industry insiders confirm that loading has paused to accommodate a massive ex-depot price hike—now pegged at ₦995 per litre, up from ₦874.
Global Oil Shock: The “Geopolitical Black Swan”
The local scarcity is being exacerbated by the U.S.-Israel-Iran war, which has sent global energy markets into a tailspin. Brent crude exploded past $110 per barrel this morning, with the blockade of the Strait of Hormuz trapping 20% of the world’s oil supply.
Regional Breakdown: What Nigerians are Paying
- Lagos: Major marketers selling between ₦937 and ₦1,040.
- Abuja: NNPCL outlets adjusted to ₦1,082; independent stations reaching ₦1,150.
- North West: Prices as high as ₦1,500 per litre in some locations.
Frequently Asked Questions
Why is there fuel scarcity in Nigeria in March 2026?
The current scarcity is caused by a loading stall at the Dangote Petroleum Refinery, combined with international supply chain disruptions from the Middle East conflict and a debt dispute with petroleum marketers.
What is the current price of petrol at NNPC stations?
As of March 9, 2026, NNPC Retail outlets have adjusted prices to approximately ₦1,082 per litre in Abuja and ₦937–₦1,040 in Lagos.
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