The pump price of petrol has risen to as high as N1,371 per litre in parts of Abuja, triggering widespread concern among residents over the rising cost of living.
Consumers expressed frustration over the sharp increase, noting that the price surge has worsened financial pressure on households already struggling with inflation.
The hike has led to an immediate increase in transportation fares, with commuters paying significantly more for daily travel across the Federal Capital Territory.
Residents said the rising cost of fuel is affecting not only transportation but also the prices of food and other essential goods due to higher logistics costs.
Many Nigerians have called for urgent government intervention, warning that continued increases could deepen economic hardship and reduce purchasing power.
Industry observers linked the price surge to global oil market disruptions and ongoing instability in the Middle East, which have affected supply and pricing.
