{
  "id": 6736323,
  "title": "Fresh petrol price increase looms as crude oil surges above $105, marketers react",
  "url": "https://urgent.news/2026/09/11/fresh-petrol-price-increase-looms-as-crude-oil-surges-above-105",
  "topic": "world",
  "section": "World",
  "published": "2026-09-11T09:00:07.000Z",
  "source": {
    "name": "Daily Post Nigeria",
    "slug": "daily-post-nigeria",
    "url": "https://dailypost.ng/2026/09/11/fresh-petrol-price-increase-looms-as-crude-oil-surges-above-105-marketers-react/"
  },
  "original_language": "en",
  "account": "Crude oil prices have surged above $105 per barrel, prompting fuel retailers, marketers, depot owners, and refiners in Nigeria to consider a fresh increase in the pump price of Premium Motor Spirit (PMS), according to a petroleum products retailers' survey. Brent crude oil is currently priced at $105.5 per barrel, while West Texas Intermediate (WTI) is at $100.8 per barrel. Earlier this week, Brent crude reached $107 per barrel before dropping to $105.5 per barrel. The recent rise in crude oil prices is attributed to retaliatory attacks on tankers by the United States and Iran, as well as the ongoing conflict between the two nations around the Strait of Hormuz. The six-month-long US-Israel and Iran war has led to significant energy cost increases worldwide, including in Nigeria. Nigerian depot owners, Dangote Refinery, and marketers have previously raised fuel prices due to rising global crude oil prices. Currently, Nigerians purchase petrol between N1,310 and N1,350 per litre at various filling stations in Abuja, such as MRS, NNCP, Ranoil, Emedab, Empire Energy, AA Rano, Total, and others. However, with crude oil prices surpassing $105 per barrel, fuel pump prices may increase once again. Billy Gillis-Harry, the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), has confirmed to DAILY POST that fuel pump prices will be raised nationwide following the spike in crude oil prices.",
  "summary": "Petroleum products retailers, marketers, depot owners and refiners in Nigeria are weighing a fresh increase in the pump price of Premium Motor Spirit, PMS, as crude oil prices climbed above $105 per barrel on Friday. A crude oil price survey by DAILY POST on Friday showed that Brent crude and West Texas Intermediate (WTI) stood at $105.5 and […] Fresh petrol price increase looms as crude oil…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}