Nigeria, March 24 -- In a statement issued on Tuesday, March 24, 2026, and signed by its Executive Director, Ishaq Akintola, the group expressed concern over the rising cost of petrol, which it said has surged to as high as N1,400 per litre, compared to about N820 before the recent Middle East crisis.

MURIC questioned why Nigeria, a major oil-producing nation, continues to experience high fuel prices despite having crude oil reserves and functional refineries. The group said its findings indicate that local refineries are being supplied with insufficient crude oil, a development it described as both paradoxical and unacceptable.

Citing the case of the Dangote Refinery, MURIC noted that while the facility requires an average of 19.77 mi...