Petrol prices in Nigeria have surged to between ₦1,230 and ₦1,300 per litre nationwide.
As a result, ordinary Nigerians feel the impact daily, affecting transport, food, and household budgets.
Petrol Prices Surge Nationwide
Consequently, commuters now pay significantly higher fares, while essential goods such as food steadily rise.
NLC Demands Immediate Action
In response, the Nigeria Labour Congress urgently called on the Federal Government to act.
NLC President Joe Ajaero warned that the price hike worsens economic hardship for Nigerian workers.
Therefore, he urged the government to introduce immediate relief measures, including wage support and cost-of-living assistance.
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He also recommended tax relief for low-income earners to ease pressure on household finances.
Moreover, Ajaero highlighted Nigeria’s vulnerability because the country depends heavily on imported fuel products.
He stressed that reviving public refineries would stabilise supply and reduce exposure to global oil shocks.
Furthermore, he demanded that the government manage additional oil revenue transparently to directly benefit Nigerians.
Retailers And Families Struggle
Meanwhile, fuel retailers raised concerns over rising costs and uncertainties in domestic fuel supply nationwide.
President of the Petroleum Products Retail Outlets Owners Association, Dr. Billy Gillis-Harry, suggested that the government invest oil revenue gains into gas infrastructure.
He explained that Middle East tensions disrupt crude oil supply and push global oil prices higher.
As a result, families face difficult choices daily, stretching budgets just to afford transport and essentials.
Workers, retailers, and citizens alike hope the government acts swiftly to cushion escalating financial pressures.
The recent surge highlights Nigeria’s fragile downstream petroleum sector, exposing risks from global oil volatility.
Experts agree that stabilising refineries and managing oil revenue transparently remain crucial for long-term relief.
Otherwise, rising fuel costs threaten broader social and economic stability across Nigeria.
