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Naija News • 1h ago

Transport fares jump as petrol price crosses N1,000/litre

Transport fares jump as petrol price crosses N1,000/litre
**Transport Fares Soar as Petrol Price Hits N1,080/Litre** If you're planning a trip around Nigeria, especially in cities with high transportation costs, you're in for a shock. The latest news is that petrol prices have skyrocketed to over N1,080 per litre, leading to long queues at filling stations and a significant increase in transport fares. As expected, the hike in petrol prices has had a ripple effect on the transportation sector, with commuters already feeling the pinch. In cities like Ibadan, passengers are now paying higher fares on several routes. For instance, the fare from Mokola to Ojoo has increased from N500 to N600, while the fare from Dugbe to Moniya now costs around N900, up from the previous N600. The situation is likely to worsen if the trend continues, with residents warning that transport costs and prices of goods could rise further across the city. With commercial drivers struggling to cope with the growing cost of fuel, it's no surprise that transport fares are on the increase. According to Sulaiman Adeyemi, a commercial driver, transport operators are often criticised for raising fares, but the reality is that they have no choice. The decision to increase fares is driven by the rising cost of petrol, which is now affecting their business. The petrol scarcity is not just limited to queues at filling stations; motorists are also facing growing difficulty finding petrol. Several drivers were seen moving around in search of fuel, a situation that is likely to worsen in the coming days. As the situation unfolds, one thing is clear: Nigerians will have to dig deeper into their pockets to afford transportation and other essential services. The petrol price hike is a stark reminder of the challenges facing the transportation sector and the need for a more sustainable solution to the country's energy crisis. For now, commuters are advised to prepare for the worst, while transport operators continue to grapple with the rising cost of fuel. Only time will tell if the petrol price hike will have a lasting impact on the Nigerian economy.
Source: Original Article • AI-enhanced version for clarity & Nigerian context