Nigerians in Lagos grapple with rising pump prices
Nigerians in Lagos are grappling with rising pump prices, as the ongoing conflict in the Middle East continues to disrupt global oil supply and push up living costs.
At gas stations across the city, petrol was priced at above 1,000 naira (US$0.73) per liter on Monday, after the latest increase last Friday.
“I never expected it. I thought it would be coming down,” said Adegbola Isaac, a driver.
The spike follows a surge in global oil prices, with shipments disrupted through key routes, including the Strait of Hormuz, a vital channel for global energy supply.
Global gasoline and diesel markets have tightened, with supply concerns driving up prices and reshaping trade flows, according to industry data.
Nigeria, despite being an oil producer, relies heavily on imported refined fuel, leaving it exposed to international price shocks.
For many Lagos residents already facing high living costs, the conflict’s impact is now being felt at the fuel pump and in daily expenses.
“Now spending has really gone up, and income for salary has not really gone up, and it has been very terrible for everybody,” said resident Paul Joshua, who works as a project manager.
