Anietie Udobit, Abuja
Fresh figures released by the National Bureau of Statistics have revealed another sharp increase in the average price of petrol across Nigeria, deepening concerns over worsening inflation and collapsing household purchasing power.
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Even more alarming is the soaring cost of cooking gas, which has reportedly climbed to nearly ₦2,000 per kilogram in several urban centres.
The increase has triggered widespread public frustration as families struggle to cope with rising transportation, food, and utility costs.
Many low-income households are gradually returning to charcoal, firewood, and kerosene despite the environmental and health implications.
Energy economists attribute the worsening situation to global crude oil volatility, foreign exchange instability, deregulated fuel pricing, logistics costs, and international market pressures.
The Dangote Refinery, once projected by many Nigerians as a possible stabilizing force, continues to operate within global market realities, meaning domestic prices remain influenced by international crude benchmarks.
Traders, transport unions, restaurant operators, and small businesses say the impact is devastating.
Commercial transport fares have risen sharply in major cities including Lagos, Abuja, Port Harcourt, Kano, and Uyo.
Food inflation has also accelerated as farmers and distributors transfer logistics costs directly to consumers.
Analysts warn that unless inflation moderates and exchange rate pressures ease, energy prices may continue rising throughout the year.