The recent petrol price hike in Lagos has sent shockwaves through the city, with pump prices now hovering between ₦925 and ₦935 per litre, up from ₦860.
As fuel costs continue to climb, every Lagosian must brace themselves for the inevitable ripple effect across transportation, daily commuting, and general living costs.
While the petrol price increase is the result of a complex set of factors—like rising international oil prices, supply constraints, and the suspension of fuel sales in naira by Dangote Refinery—one thing is clear: life as we know it in Lagos will change.
As the city grapples with the new reality of high petrol prices, here are 5 things every Lagosian must do immediately to mitigate the impact and adapt to the evolving landscape.
1. Rethink Your Commuting Options
With petrol prices surging, your daily commute may no longer be affordable in the same way it was before.
Instead of continuing with private car usage, explore more affordable alternatives like carpooling, public transportation, or even the use of ride-sharing apps.
Lagos has a variety of transit options, from buses to BRT (Bus Rapid Transit) systems, which offer a more economical way to get around.
If you’re in a position to work from home, consider reducing the frequency of your commute.
The more you can cut down on travel, the less you’ll need to rely on expensive petrol.
2. Optimise Your Fuel Usage
If you must drive, now’s the time to optimise your fuel consumption.
Adopt smart driving habits such as avoiding excessive acceleration, reducing idling time, and maintaining a steady speed.
Keeping your car well-maintained, such as ensuring the tires are properly inflated and the engine is tuned, can also make a significant difference in fuel efficiency.
Consider tracking your fuel consumption via apps that monitor fuel efficiency, so you can make real-time adjustments.
3. Budget Your Expenses And Adjust Your Finances
As petrol prices rise, so will the cost of goods and services.
The increased cost of transportation will likely lead to a rise in prices for goods, food, and other services. To adjust to these changes, it’s crucial to revisit your household budget.
Evaluate areas where you can cut back—such as entertainment, eating out, or unnecessary subscriptions—to free up more money for transportation and other essential needs.
Consider using budgeting apps to track your expenses, set limits, and ensure that you aren’t overspending during this challenging period.
4. Embrace Local Goods And Services
With the increase in petrol prices, it’s likely that supply chains will be disrupted, which could lead to higher costs for imported goods.
To cushion the impact, start focusing more on local products and services.
Supporting local businesses not only helps stimulate the economy but can also save you from the escalating costs of imported goods.
Look for markets or stores that offer locally sourced products, which might be less affected by price fluctuations caused by high petrol prices.
5. Stay Informed And Get Involved In Advocacy
The petrol price increase is not just a personal issue—it’s a societal one.
Stay informed about the latest government actions, potential subsidies, or price control measures that may be implemented.
Joining advocacy groups or participating in community discussions can help influence government policies that might alleviate the burden of rising petrol prices.
Also Read: Petrol Price Increase To ₦935 In Lagos
Share information with friends, family, and neighbors about ways to cope with the increase in petrol prices, and join forces to advocate for change.
Adapt, Act, and Emerge Stronger
The rise in petrol prices in Lagos is undoubtedly challenging, but it also presents an opportunity for everyone to adopt smarter habits, cut unnecessary expenses, and make more sustainable choices.
By rethinking how you commute, optimising your fuel usage, and supporting local businesses, you can reduce the impact of the price hike on your life.
Stay informed, adjust your finances, and together, we can navigate this shift and emerge stronger as a city.
