…on petrol-powered generators.Commercial transport operators may also pass higher fuel costs to passengers, placing additional pressure on household budgets.While rising crude prices could improve Nigeria's oil export earnings, consumers remain exposed to higher domestic fuel costs.For now, attention will remain on Dang…

…capacity has further aimed to reduce energy import dependency and temper transportation fuel costs. However, lingering supply risks, higher agricultural input costs, and fiscal pressures continue to pose potential risks to the broader disinflation trend”, the report added.

…to address structural problems affecting food distribution, including poor roads, fuel costs and informal charges along transportation routes. “For households, the arithmetic is simpler and harsher. The pot is cheaper than it was in June, still dearer than it was last September, and the money coming in has not moved,”…

…retail marginsThe increases come amid a federal government intervention aimed at easing fuel costs. The Presidency announced that NNPC Retail would forgo its petrol retail profit margin and sell at cost under a temporary relief arrangement.However, this should not be described as a blanket, nationwide 30-day price free…

…including Sango-Tedo, Lekki, the airport and Ikeja. The driver complained about rising fuel costs, asking God not to let drivers bear the burden alone. He also prayed for Nigerians to protest and reclaim the country from its leaders. He then turned his prayers to customers who cancel rides after requesting them, asking…

Petrol-only cars fell below half of global new-vehicle sales for the first time as fuel costs push buyers toward alternativesElectric vehicle sales surged across Europe and rebounded globally, while petrol registrations declinedFor Nigerian buyers, running costs matter—but global sales data does not confirm local price…

…government’s petrol price relief initiative, intended to cushion the impact of rising fuel costs on Nigerians, particularly commercial transport operators, remains tied to a digital payment arrangement. The development comes as NNPC extended its N66-per-litre discount until October 31, while the company could forgo an…

…a 30-day petrol discount through NNPC retail outlets to ease the burden of rising fuel costsPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general m…

…push to correct the narrative comes as Nigerians continue to feel the impact of high fuel costs following the removal of the petrol subsidy. The Tinubu administration has consistently maintained that returning to full subsidy payments is not its policy direction.By limiting the discount to NNPC stations and prioritisin…

…temporary reduction raised questions about why Nigerians had been left to cope with high fuel costs for more than 800 days. “If the government can reduce the burden of fuel costs for 30 days, with priority given to public transport operators, why did it allow Nigerians to suffer for more than 800 days? “This proves tha…

…litres of petrol daily.Duke said the pricing model would ease the financial pressure fuel costs place on Nigerians and form a central part of his economic agenda ahead of the 2027 general elections.Watch Donald Duke's

…reduction in petrol prices. He expressed concern over the continued impact of high fuel costs on household expenses and businesses. “Mr President, during his Independence Day speech said he will do more to address the high cost of living, energy insecurity and other economic challenges being faced by citizens. “We want…

…unions in several states said they had not received any CNG buses, while drivers cited fuel costs, bad roads and a shortage of refuelling stationsThe chairman of the Presidential CNG Initiative said October 1 was a monitoring start date, not a deadline for all states to cut fares at oncePAY ATTENTION: Find it fast with…

…higher incomes for all Nigerians,” he said. The SGF said the shift to gas was cutting fuel costs. He disclosed that over 120,000 vehicles have been converted to Compressed Natural Gas CNG, with more than 400 conversion centres and 90 fuelling stations nationwide. “This shift is cutting fuel costs for motorists and comm…

…Lugbe Expressway in Abuja, bringing some relief to motorists struggling with elevated fuel costs.PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!The adjustment means a motorist buying 50 litres of petrol would spend ₦68,500 instead of ₦69,750, saving ₦1,250 on a single purchase.Da…

…but now the same quantity sells for N10,000,” Idris said.Traders also identified higher fuel costs and seasonal changes in production as factors behind the increases. They said supplies are generally more plentiful during the dry season.Smaller bags also become more expensiveThe price pressure extends beyond large whol…

…to rise amid the seventh month of the war involving Iran, adding to concerns over fuel costs and inflation in the United States ahead of the November midterm elections. The US president had on Sunday criticised Ukrainian President Volodymyr Zelensky during a visit to Ireland, urging him to stop attacks on Russian diese…

…on the cost of petroleum products and replacement supplies.Motorists face higher fuel costs as petrol prices rise to N1,380 in Lagos and N1,430 in Abuja. Photo: Bloombergraise concernEconomist and development expert Aliyu Ilias cautioned that repeated petrol price increases could intensify inflation by pushing up trans…

…the downstream petroleum reforms while aggressively mitigating their social and economic costs."He argued that the debate should shift from whether to restore subsidies to how governments at all levels are deploying the revenues freed by their removal.He said:"The issue is increasingly one of fiscal accountability and…

…on Sunday, Atiku said Nigerians have paid the price of subsidy removal through higher fuel costs, transport fares, food prices, energy bills and school fees, yet public universities remain underfunded and lecturers are yet to receive what is owed them. “If the subsidy is gone and Nigerians have paid for that decision t…

…vehicles and stations, the government said its broader objective is to ensure that lower fuel costs translate into cheaper transportation and logistics.Ekpo said savings from CNG should help reduce the cost of commuting, improve business profitability, ease pressure on household budgets and boost economic productivity.…

…strait and a separate attack on a US military base.Nigerian motorists brace for higher fuel costs as global oil prices Photo: AFP>PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram! Iran subsequently reported retaliatory strikes on US positions, while tankers operating near Oman were also…

…and related value chains as it intensifies efforts to reduce transportation costs and promote cleaner energy.Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the government was determined to expand CNG adoption as a cheaper, cleaner and more sustainable alternative to conventional fuels.FG Targets…

…continue to struggle with the effects of economic hardship, rising food prices, and fuel costs.The hardship allowance forms just one component of the president's total remuneration package, which also includes basic salary, accommodation, transport, and other official allowances as defined by existing RMAFC guidelines.…

…at the pump tend to move upward accordingly.Nigerians may face another increase in fuel costs as petrol prices rise Photo: BloombergImagesCrude Oil Drop Has Little EffectWhat makes the latest price rise stand out is that it is happening alongside a decline in some international crude benchmarks. Brent crude fell 0.47%…