Motorists Demand Cheaper Petrol Amid Falling Crude Prices

Motorists across Nigeria are expressing frustration over high petrol prices despite a recent drop in global crude oil prices. Brent crude fell to $73.14 per barrel, yet petrol prices at local filling stations remain elevated, ranging from N1,200 to N1,400 per liter.

In Kano, commercial drivers reported that fuel costs have eroded their earnings, leading to increased transport fares. Abdullahi Musa, a driver, noted the challenges of passing on costs to passengers.

In Maiduguri, Modu Baana questioned why petrol prices remain high despite favorable international market conditions. Mallam Sadanu Sani called for regulatory authorities to enforce price monitoring to benefit consumers.

Oladuni Ishola urged the federal government and industry stakeholders to provide clarity on the persistent high prices. Clement Isong from the Major Energy Market Association of Nigeria explained that the lag in local fuel pricing does not reflect the drop in crude oil prices, indicating a disconnect between international market changes and local pricing mechanisms.