PETROL PRICE HITS ₦1,350 PER LITRE IN ABUJA AS MOTORISTS RAISE CONCERNS

Motorists in Abuja have expressed concern over another increase in the price of Premium Motor Spirit, popularly known as petrol, with the product now selling for as high as ₦1,350 per litre at some filling stations.

The latest increase has added to the financial pressure on residents, particularly motorists, commercial transport operators and small business owners who depend on petrol to power their daily activities.

Many motorists said the rising cost of fuel has forced them to spend more on transportation and vehicle maintenance, while commercial drivers have begun adjusting fares to reflect the higher operating costs.

The development is also raising concerns about its possible impact on the prices of goods and services, as increased transport costs are often transferred to consumers.

The price increase comes amid continued fluctuations in the domestic fuel market, with changes in supply, distribution and pricing affecting how much consumers pay at filling stations.

Some residents have called on the government and relevant authorities to take steps to address the situation and reduce the burden on Nigerians.

As petrol prices continue to rise, motorists say the increasing cost of fuel is making daily movement and business operations more difficult.