Fuel price rise deepens pressure on Nigerians
Higher fuel and logistics costs can raise the cost of moving people and goods, while households and businesses that rely on petrol- or diesel-powered generators may face additional energy expenses,” she said.
Earlier, Executive Director of Spaces for Change, Victoria Ibezim-Ohaeri, said households would likely face higher transportation and food costs as the increase in fuel prices filtered through the economy.
The latest increases followed the rise in the gantry price of petrol by Dangote Petroleum Refinery to N1,350 per litre, reflecting the impact of higher crude oil prices and rising costs across the petroleum supply chain.
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