Fuel Price Hike – NNPC Increases Petrol to N915 as Global Crude Surge Bites
The Nigerian National Petroleum Company (NNPC) Limited has raised the pump price of petrol to N915 per litre, marking a significant increase as the impact of the global crude oil surge continues to ripple through the economy.
The new pricing, which has sparked widespread concern among citizens and industry stakeholders, reflects mounting pressure from international oil markets, where crude prices have soared in recent weeks. The NNPC attributed the adjustment to external factors beyond its control, including supply chain disruptions and rising global demand.
This latest fuel price hike comes amid already high living costs in Nigeria, with transportation, food, and utility prices expected to rise even further. For many Nigerians, the jump from previous rates to N915 per litre adds to growing fears of deepening economic hardship.
Experts say the move could trigger inflationary trends and worsen the burden on small businesses and households. Meanwhile, civil society groups and labour unions are already gearing up for potential protests, demanding government intervention and transparency in fuel pricing mechanisms.
The NNPC’s increase in petrol price once again underscores Nigeria’s vulnerability to global oil shocks, despite being a major crude exporter. Calls are now mounting for urgent investment in local refining capacity and energy alternatives to reduce reliance on imported refined products.
As the fuel price hits N915, the real question remains: how will the government cushion the blow for the average Nigerian?
