Drivers Call for Fuel Price Cut as Global Crude Costs Fall

Drivers and commuters across Kano, Rivers, Borno, Benue, Kwara and other states are urging the federal government and fuel marketers to reduce pump prices. They point out that recent drops in global crude oil costs have yet to show at local pumps. Brent crude eased to around $73 per barrel after Middle East tensions cooled. Yet petrol still sells between ₦1,200 and ₦1,400 per litre in many cities. Dangote Refinery cut its gantry price by ₦50 to ₦1,125, but retail prices remain high. Motorists say transport costs, household budgets and business margins remain under severe pressure. In Kano, Maiduguri and Port Harcourt, drivers report eroded earnings and fewer passengers. They are calling on regulators to enforce timely price adjustments and boost transparency. Experts warn that pump prices also depend on forex rates, logistics, taxes and inventory. The industry notes a lag between crude price changes and local prices. Motorists argue that as a major oil producer, Nigeria should shield consumers more effectively.

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