Nigerians are facing rising transport fares and living costs after Dangote Refinery’s petrol price hike pushed pump prices above N1,000 per litre amid global oil supply disruptions caused by the Middle East crisis.
Nigerians across major cities are grappling with rising petrol prices after the Dangote Petroleum Refinery raised its gantry price of Premium Motor Spirit to N995 per litre, triggering nationwide retail adjustments. Findings show pump prices now range between N1,000 and N1,190 per litre depending on location. Although fuel supply remains steady in most areas, motorists, transport operators and small business owners say the increase is worsening the country’s already high cost of living.
The surge in fuel prices has been linked to the escalating geopolitical crisis in the Middle East involving Iran, the United States and Israel, which has disrupted global oil supply chains. Tensions around the Strait of Hormuz, a key global oil transit route handling nearly 20 per cent of the world’s oil and gas shipments, have slowed tanker movements and stranded millions of barrels of crude, pushing Brent crude above $90 per barrel.
Across cities including Abuja, Lagos, Kaduna and Port Harcourt, commuters and transport operators report immediate increases in fares and service costs. A commercial driver in Abuja, Daniel Ishyaku, said, “Fuel is now more than N1,000 per litre. I bought petrol at N1,060 today. If I don’t increase the fare, I will run at a loss.” Residents warn that the rising fuel cost could trigger further increases in food prices and other essential goods.
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