Lagos Transport Fares Surge 60% Despite Drop in Fuel Prices
The surge in Lagos transport fares by 60% amid a drop in fuel prices has sparked outrage among commuters. Despite Dangote Petroleum Refinery's reduction in ex-depot petrol price to N699 per liter, transport costs within Lagos State continue to increase.
The recent 15.58% drop in petrol prices has not translated to lower transportation expenses for residents. Commuters are facing financial strain due to the escalating fares, impacting their monthly budgets.
The situation highlights the disconnect between fuel price reductions and actual transportation costs in Lagos.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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