Fear don dey ground again say price of petrol go increase for Nigeria, as crude oil hit $114 per barrel yesterday, because of di serious escalation for di war between US and Israel against Iran.

As e be so, petrol dey sell between N1200 and N1400 per litre for some parts of di country.

Di Middle East conflict increase on Wednesday after Israeli forces strike Iran’s South Pars gas field—wey be di biggest natural gas deposit for di world. Iran fire back and attack energy facilities for Qatar and Saudi Arabia, and dis one dey seen as major escalation for di war.

After di attacks, US President Donald Trump threaten sey im go ‘completely’ blow up South Pars if Iran continue to attack energy facilities for Qatar.

Because of dis, energy prices jump from $66 per barrel to $114 per barrel, with increase wey reach up to five percent across markets.

Checks wey do yesterday show sey Brent crude price rise by 6.24 percent to $114.08 per barrel—di highest since May 2022—while US West Texas Intermediate crude go up by 0.97 percent to $96.33 per barrel.

But cooking gas price remain stable for domestic market as at yesterday.

For Abuja and Lagos, checks show sey price of cooking gas no move despite di volatility for international market. Checks for two major outlets—NIPCO Gas and Shore Gas—show sey rates remain at N1,100 per kilogram and N1,150 per kilogram respectively. But for South-East and South-South, gas price go up to between N1500 and N1800 per kilogram.