“We can no longer afford transport to go to work,” Nigerians cry out amid soaring price of petrol

Oct. 14, 2024 - Nairametrics

Story Highlights:Nigerians are struggling to afford transportation to go to work as petrol prices soar. Just last week, the Nigerian National Petroleum Corporation (NNPC) Limited announced new petrol prices at its filling stations, raising prices from around N850 to N998 in Lagos and N1,030 in Abuja.

E-Ride Drivers Share Their StrugglesThe rise in petrol prices is also affecting commercial drivers, particularly those driving e-hailing vehicles. Ajisafe suggested that the current price of petrol is still somewhat subsidized by the government and warned that further devaluation of the naira could push petrol prices even higher.

“If the exchange rate fluctuates again, petrol prices will increase...