Tag: Fuel price hike

TUC urges FG to reintroduce subsidy amid fuel price hike

Aminu Imam
TUC urges FG

The Trade Union Congress of Nigeria (TUC) has called on the Federal Government to deploy excess crude oil revenue to subsidise local refineries as a way of cushioning the impact of rising fuel prices on Nigerians. President of the Congress, Festus Osifo, who made the call during a press briefing in Abuja on Thursday, warned that the price of Premium Motor Spirit (PMS), popularly called petrol, could climb to as high as ₦2,000 per litre if urgent measures were not taken. Osifo said the persistent increase in the pump price…

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Fuel Price: Nigerians watch incomes vanish into transport costs

Aminu Imam
Nigerians lament fuel price hike

Aminu Imam By April 2026, the daily routine of millions of Nigerians has quietly turned into a struggle for survival. At dawn in Abuja, bus stops begin to fill long before sunrise. Civil servants, traders, artisans, and students gather in silence, each calculating how much of their earnings will disappear before the day even begins. For many, getting to work now feels like the biggest expense of living. The sharp rise in fuel prices has triggered a chain reaction across the economy. Petrol now sells between ₦1,300 and ₦1,450 per…

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Double hardship: Nigerians battle blackouts, as petrol hits ₦1,500

Aminu Imam
Nigerians battle hardship

Nigerians are facing deepening economic hardship, as rising global oil prices, triggered by the ongoing Middle-East conflict involving the United States, Israel and Iran, push domestic petrol prices to about ₦1,500 per litre, while electricity supply remains erratic. The surge in crude oil prices above $100 per barrel, worsened by disruptions around the Strait of Hormuz, has driven-up fuel costs across Nigeria, with prices rising sharply from about ₦800 in late February. Across the country, households and businesses are grappling with a dual crisis of expensive fuel and prolonged power…

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Petrol nears ₦1,400/litre, as NLC, OPS demand urgent action

Aminu Imam
Petrol price NLC

Petrol prices have surged to nearly ₦1,400 per litre across parts of Nigeria, prompting the Nigeria Labour Congress (NLC) and the Organised Private Sector (OPS) to call for urgent government intervention amid fears of rising inflation, job losses, and business closures. The increase follows multiple price hikes by the ÆŠangote Petroleum Refinery, with ex-depot prices now around ₦1,275 per litre. Pump prices rose from about ₦1,240 to as high as ₦1,400, with higher costs reported in the North. Analysts link the surge to rising global oil prices driven by tensions…

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Petrol pump price hits ₦1,380/litre

Aminu Imam
Petrol price hike

…Motorists, passengers lament Passengers have continued to express frustrations over the incessant increase in the pump price of Premium Motor Spirit (PMS), popularly known as petrol. From ₦790 per litre in February, petrol pump price has jumped to ₦1,380 in Lagos and Ogun states due to disruptions in oil supply occasioned by the ongoing Middle-East crisis. As the crisis persists, motorists are expressing fresh concerns over a possible increase in petrol prices in Nigeria following the global crude oil prices that surged to $114 per barrel. Most commercial bus drivers…

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NNPCL hikes petrol price to ₦945 in Abuja, ₦915 in Lagos, amid global oil tensions

Aminu Imam
NNPCL hikes petrol price

The Nigerian National Petroleum Company Limited, (NNPCL) has quietly increased the pump price of Premium Motor Spirit (PMS), better known as petrol, to ₦915 per litre in Lagos and ₦945 per litre in Abuja, amid growing global oil market volatility triggered by escalating tensions between Iran and Israel. This marks a ₦45 increase in Lagos from the previous ₦870 and a ₦35 rise in Abuja from the prior ₦910 per litre, as confirmed by checks at various NNPCL retail outlets across both cities yesterday. The increase follows ÆŠangote Refinery’s hike…

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“Reverse latest petrol price hike pending court verdict”, SERAP tells Tinubu

Aminu Imam
SERAP to Tinubu

The Socio-Economic Rights and Accountability Project (SERAP) is demanding an immediate reversal of the latest increase in the price of petrol. The organisation urged President Bola Tinubu “to direct the Nigerian National Petroleum Company Limited (NNPCL) to immediately reverse the second increase in petrol prices in one month, pending the hearing and determination of the suit before the Federal High Court, Abuja challenging the legality of the powers of the NNPCL to increase petrol prices”. The latest increase has seen NNPCL outlets in Lagos sell a litre of petrol for…

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“Fuel price hike unfortunate , insensitive”- Peter Obi

Aminu Imam
Peter Obi on fuel hike

Presidential candidate of the Labour Party (LP) in the 2023 general election, Peter Obi described the recent hike in the price of petrol products as “unfortunate and insensitive”. Obi made this known in an issued statement he titled: “Reversing the Sudden Fuel Price Increase”, on his X.com account, yesterday. According to Obi, the increase in fuel prices has far-reaching negative consequences for the current Nigerian economic survival and well-being of Nigerians. He stated that reversing the sudden price hike relies on the hands of the Minister of State for Petroleum…

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Ohanaeze Ndigbo Igbo Youth back Tinubu’s fuel price hike

Aminu Imam
Ohanaeze youth

The pan-Igbo socio-cultural organisation, Ohanaeze Ndigbo Youth Worldwide, has expressed optimism that the recent petrol price hike will soon change for the better, following the economic policies being implemented by President Bola Tinubu’s administration. The group stated this in a statement issued at the weekend by its acting national leader, Chukwuma Okpalaezeukwu. According to him, President Tinubu is not responsible for the fuel crisis. Okpalaezeukwu commended the ongoing reforms by Tinubu’s government to restructure the petroleum industry, adding that a petrol price hike was one of the measures to change…

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“Tinubu’s govt. has ruined businesses with fuel price hike” – MAN

Aminu Imam
MAN on fuel hike

Chairman of the Manufacturers Association of Nigeria (MAN) in the South-West, Lanre Popoola, has said the recent fuel pump price increase had worsened the difficulty in manufacturers’ operations. In an interview in Ibadan, Oyo State yesterday, the MAN chairman said “ The present hard situation in the country has been worsened by the fuel increment with no respite in sight”. Popoola decried how difficult it has been to operate manufacturing firms on full-scale under the current economic hardship. He said manufacturers were already facing difficulties before the increase in the…

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