Nigerians across major cities are grappling with rising petrol prices after the Dangote Petroleum Refinery increased its gantry price of Premium Motor Spirit to N995 per litre, triggering retail price adjustments nationwide and pushing pump prices above N1,000 per litre in some states.
Findings by Sunday PUNCH showed that petrol now sells between N1,000 and N1,190 per litre depending on location and retail outlet.
This has led to rising transport fares as costs of goods and services soar in many parts of the country.
Although the price increase has not triggered panic buying in most states due to steady supply, motorists, transport operators and small business owners say the new price regime is placing additional strain on household incomes already stretched by inflation.
Middle East crisis
The latest surge in petrol prices across Nigeria is closely linked to the escalating geopolitical crisis in the Middle East involving Iran, the United States and Israel, which has disrupted global oil supply chains and
Since global oil prices serve as the primary benchmark for petroleum products, the shock to supply has quickly filtered into fuel markets worldwide, including Nigeria.
Abuja commuters brace for transport hike
In the Federal Capital Territory, commuters are already bracing for higher transport fares as filling stations adjusted pump prices to above the N1,000 mark.
A market survey conducted by Sunday PUNCH showed that most filling stations in Abuja now sell petrol between N1,052 and N1,105 per litre.
At MRS Oil Nigeria, a retail partner of Dangote Refinery, petrol was sold at N1,060 per litre, while Nipco Filling Station along Airport Road dispensed the product at N1,105 per litre, the highest price recorded during the survey.
Other outlets, including Matrix Energy, Bovas, Shafa, Shema and A.A. Rano adjusted pump prices upward to between N1,052 and N1,092 per litre.
Despite the price increase, fuel was readily available at the stations visited and there were no queues.an
pushed crude oil prices upward.
However, the price hike has already begun to impact transport fares.
A commercial driver operating along the Federal Secretariat-Asokoro route, Daniel Ishyaku, said he had increased fares from N400 to N700 to cope with rising fuel costs.
“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,” the driver said.
Some commuters expressed frustration over the development, saying frequent fuel price adjustments were worsening the cost-of-living crisis.
“When fuel goes up like this, transport fares follow immediately. But our salaries have not increased,” one passenger who doesn’t want to be named lamented.
Lagos motorists pay up to N1,190
In Lagos, the country’s commercial hub, petrol prices climbed as high as N1,190 per litre in some outlets early on Saturday.
Visits by Sunday PUNCH to filling stations across the metropolis showed petrol selling between N1,005 and N1,190 per litre.
At a Mobil Filling Station along Agege Motor Road in Mushin, petrol was sold at N1,018 per litre.
A dispatch rider, Augustine Akor, said the increase had forced him to raise delivery charges.
“I bought fuel at N1,018 in Iju-Ishaga this morning. I delivered a package to Ogba and had to charge N4,800 instead of N4,000 because of the fuel increase,” he said.
At the NNPC Filling Station on Yaya Abatan Road, petrol sold for N1,005 per litre, although the price was not displayed on the station’s signboard.
Nearby, an AP Filling Station sold the product at N1,039 per litre, where customers were seen purchasing fuel with 25-litre jerrycans.
A boutique owner, Chukwudi Anioke, said the rising cost of fuel could force him to increase prices of goods in his shop.
“I pay for Band A electricity but power supply is not stable, so I rely heavily on my generator. Now that petrol has increased again, we will have no option but to increase prices,” he said.
At Oniwaya Bus Stop in Agege, petrol was sold at N1,030 per litre.
A tricycle operator, Kamoru Saheed, said transport fares had already doubled on some routes.
“We have increased fares from N100 to N200 because of the fuel price. Everything keeps increasing,” he said.
Kaduna, Taraba residents buy N1,070
In Kaduna State, checks showed petrol selling between N1,060 and N1,070 per litre across major stations in the Kaduna metropolis.
Stations including AA Rano, Rainoil, NNPC Mega Station and Future View dispensed fuel without the long queues typically associated with price hikes.
“There is no scarcity of fuel, so there should be no panic buying. Fuel is available everywhere,” he said.
A similar situation was observed in Taraba State, where petrol sold between N1,000 and N1,060 per litre in Jalingo and Wukari.
A commercial driver, Ibrahim Usman, while speaking with Sunday PUNCH, said the availability of fuel had prevented panic buying.
Edo, Rivers adjust to new price regime
In Benin City, the Edo State capital, petrol sold between N1,050 and N1,072 per litre on Saturday.
At Hifly filling station on Sakponba Road, motorists purchased fuel at N1,072 per litre without queues.
Similarly, Raptors Filling Station on Sapele Road sold petrol for N1,050 per litre.
However, the NNPC station in the city was not selling the product at the time of visit, though an attendant said petrol sold at N995 per litre the previous day.
In Port Harcourt, Rivers State, petrol prices ranged between N1,050 and N1,075 per litre.
At Restore Park filling station along Elekahia, petrol sold for N1,050 per litre, with only a few vehicles seen buying the product.
A motorist identified as Andy expressed frustration at the sudden increase.
“I bought petrol for N1,030 yesterday. Today it has jumped to N1,050,” he said.
Another motorist, Felix Naamime, lamented the economic impact.
“Petrol is expensive in a country with four refineries. Government must do something to help citizens,” he said.
Fuel sells N1,250 in Gombe
In Gombe, petrol sells for between N1,080 and N1,250 per litre, as residents continue to express concern over the rising cost of the commodity.
A visit to several filling stations within Gombe metropolis revealed that the lowest price was recorded at Bovas Petroleum, where petrol is sold at N1,080 per litre.
However, many other stations dispense the product at prices between N1,150 and N1,250 per litre.
A commercial motorcyclist in Gombe metropolis, Ibrahim Musa, said the high cost of petrol has significantly affected his daily income.
“We are really suffering. Before now, I could buy fuel with less money and still make a profit at the end of the day. Now, most of what we make goes back into buying petrol,” he said.
THE PUNCH
