According to Vanguard, a CBN-linked macro projection suggests petrol could average around N950 per litre, reflecting a model-driven outlook shaped by exchange rates and supply costs.
Outcomes depend heavily on forex stability, local refining output, global crude prices, and distribution economics.
For households and businesses, the key risk is pass-through inflation—transport costs rise, then food and basic goods follow.
The Punch also reported the “N950/litre” forecast, while Legit.ng repeated the projection headline, keeping the figure in the public debate.
Echotitbits take: Watch forex stability and domestic refining scale. If neither improves, the projection may become the direction of travel for pump prices.
Source: The Punch — https://punchng.com/petrol-to-hover-around-n905-litre-this-year-cbn/ January 10, 2026
The Punch 2026-01-10
Photo Credit: The Punch
