The cost of petrol in the Federal Capital Territory has surged significantly, with pump prices reaching as high as N1,371 per litre at several filling stations, triggering widespread concern among residents.
A market survey revealed that NIPCO outlets now sell petrol at N1,371 per litre, while AYM Shafa stations dispense at N1,370. NNPC Retail has also increased its price to N1,361 per litre, up from N1,261 recorded just last week. Similarly, MRS stations, which partner with Dangote Refinery, have adjusted their price to N1,367 per litre from N1,270.
The latest hike follows recent upward adjustments in gantry prices by the Dangote Refinery, contributing to an estimated 55 percent increase in fuel prices within the past three weeks.
Earlier price movements showed a steady climb:
- March 3: NNPC sold at N975 per litre, while AYM Shafa offered N960
- March 6: NNPC rose to N1,068, with AYM Shafa at N1,098
- March 9: NNPC jumped from N1,161 to N1,267, and AYM Shafa from N1,230 to N1,300
Although there were slight reductions days later, they were quickly reversed as prices continued to rise.
Residents have voiced strong dissatisfaction over the situation. At stations in Kugbo and Karu, many consumers criticised the Federal Government for failing to cushion the impact of the increases.
A civil servant, Isa Kabir, called for stronger regulatory intervention, warning that deregulation should not result in unchecked pricing. He noted that the sharp rise from below N900 earlier in the month to over N1,370 has placed additional strain on households, especially in the absence of adequate social support systems.
Commercial drivers are also feeling the pressure. Taxi operator Michael Ade explained that N10,000 now purchases just over seven litres of petrol, compared to nearly 12 litres weeks ago. As a result, transport fares have increased significantly, making daily commuting more difficult for many residents.
Consumers are urging the government to take urgent steps to stabilise fuel prices, stressing that the burden of subsidy removal should not fall entirely on ordinary Nigerians.
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