Mirian Gom 
ABUJA, Nigeria – Nigerians face rising transportation costs after petrol prices surge to between ₦1,096 and ₦1,300 per litre across several states, including Abuja, Lagos, Ogun and Delta.
The spike follows the Dangote Petroleum Refinery’s decision to raise its gantry price for Premium Motor Spirit (PMS) to ₦1,175 per litre, an 18.1 per cent increase from the previous rate.
The increase marks the fourth fuel price adjustment within one week, intensifying economic pressure on households and businesses.
In the capital Abuja, commuters report immediate transport fare increases on Monday, with some routes rising from ₦500 to ₦700.
Commercial drivers say the increase reflects the soaring cost of petrol.
“Fuel price is the sole reason transport fares have gone up,” one driver says at a busy motor park in the city.
Industry stakeholders warn the situation could worsen if global oil market tensions persist.
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says petrol prices could eventually reach ₦2,000 per litre if instability in the Middle East disrupts global crude supply.
PETROAN National President Billy Gillis-Harry says escalating drone and missile attacks in oil-producing regions are pushing crude oil prices closer to $120 per barrel, increasing pressure on fuel markets worldwide.
Economists say sustained increases could deepen Nigeria’s cost-of-living crisis in the coming months.
About the Author
Chukwu Obinna 
Otamere Gladness 
Hussaini Ibrahim