NGMotorists in the Federal Capital Territory (FCT) of Nigeria are expressing frustration over the rapidly increasing cost of petrol, which has risen significantly in recent weeks. Global oil prices have climbed, with Brent crude reaching $90.35 per barrel and WTI crude at $85.35 per barrel. Dangote Refinery has raised its ex-depot price from N1,165 to N1,265 per litre, prompting filling stations across the FCT to adjust their prices upwards, with some selling petrol at up to N1,350 per litre. Motorists like Mr. Olusegun Abbas and Mr. Adewale Salau report that the surge in fuel costs is causing financial strain, affecting not just transportation but also broader livelihoods and food affordability. They call on the federal government to stabilize fuel prices. Development expert Dr. Aliyu Ilias and IPMAN representative Mr. Chinedu Ukadike note the economic implications and suggest that the price hikes are due to refinery adjustments and the need for marketers to cover replacement costs.
Bias read (Center): The article presents a balanced account of the issue, focusing on the economic impact of rising fuel prices without overtly criticizing or praising any political entity. It includes quotes from multiple stakeholders, motorists, experts, and industry representatives, without showing clear ideological倾向
