The pump price of Premium Motor Spirit (PMS), commonly known as petrol, has surged to N1,300 per litre in most parts of the country causing fresh hardship on motorists, commuters, and residents already reeling from persistent economic pressures.
In Lagos, motorists and computers are fuming as petrol prices hit N1,250 to N1,300 per litre. “This is crazy!”, says Adewale, a commercial driver. “How do we survive in this crazy condition?” Transport fares have jumped from N400 to N600 and from N1,000 to N1,500 for some routes.
A survey conducted across major cities in the country on Tuesday morning revealed that several private outlets are now dispensing the product at between N1,350 and N1,300 per litre, with many prominent stations firmly pegged at the upper limit of N1,350.
Our correspondent who spoke with
Daniel James, a commercial bus operator in Isolo, Lagos also confirmed to our correspondent that he bought the product for 1350 at a fuel station in a mobile filling station in the area.
He said this is not good for us ,just two weeks ago we were buying fuel for 800 naira ,just in the span of three days ,the price has increased to 1350 .
Tricycle (Keke) riders have followed suit, citing the fuel cost hike as the primary driver.
Transport fares have shot up, foodstuffs are more expensive because of higher delivery costs
In Ibadan, petrol is selling for N1,300 per litre, and commuters are feeling the heat. “Everything is becoming unaffordable,” says Mrs. Oluwatoyin, a student. “I now spend N600 daily on transport alone.”
In Port Harcourt residents are not spared either, with petrol prices at N1,300 per litre. “It’s a vicious cycle,” says John, a taxi driver. “Fuel goes up, everything else follows. “
The FCT is also feeling the pinch, with prices ranging from N1,250 to N1,300 per litre. “It’s tough for everyone,” says Sarah, a civil servant. “We need relief, and we need it now.”
In Jos, the price has hit N1,350 per litre, sparking outrage among motorists. “This is madness!”, says James Bitrus, a taxi driver. “We can’t afford it anymore.”