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Petrol prices have climbed to as high as N1,400 per litre in parts of Nigeria, forcing a new round of transport fare increasesCommuters on the Maiduguri-Kano route are now paying N25,000, up from N20,000 following the latest price surgeIndustry experts warned that further increases are possible as long as global crude oil prices remain elevated
Transport fares across Nigeria have gone up again after petrol prices climbed to as high as N1,400 per litre in some parts of the country, squeezing household budgets and putting more pressure on commercial drivers.
The price surge followed a rise in global crude oil prices, with Brent crude crossing the $100 per barrel mark amid renewed tensions in the Middle East.
Dangote’s petrol price increase is adding fresh pressure on transport costs across Nigeria. Photo: BloombergSource: Getty Images
Local marketers responded by raising prices at the ex-depot level, and Dangote Refinery adjusted its own ex-depot price to
