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Fuel Price Hike: Transport Fares Surge by 50% in Abuja

Posted by Lawal Munirst on September 5, 2024 0

An Abuja resident, Bala Muhammed said he paid N1000 from Kubwa to Bannex Bridge, the same route that goes for N500.

Following the recent hike in price of petrol, fares have increased by at least 50 percent in the Federal Capital Territory.

Petrol is currently being sold between N897 and N980 at Nigerian National Petroleum Company Limited retail outlets, while independent marketers filling stations in Abuja sell from N617 to over N1000.

The development has pushed up the cost of transportation in the Nation’s capital.

An Abuja resident, Bala Muhammed said he paid N1000 from Kubwa to Bannex Bridge, the same route that goes for N500.

Similarly, Adeola Adebayo, a civil servant paid N1500 to Berger Junction from Zuba compared to N1000 previous cost.

“The petrol price increase has impacted the fare. Today I paid N1,500 to Berger from Zuba instead of N1,000”, she stated.

Ismaila Danjuma, the Secretary of the Zuba branch of the National Union of Road Transport Workers (NURTW) blamed the transport fare hike on fuel price increase.

This comes as the Manufacturers Association of Nigeria said that the recent pump price hike will further worsen Nigeria’s inflation which stood at 33.40 percent in July.

Earlier, the Nigerian Labour Congress and the Trade Union Congress called for the immediate reversal of the recent fuel pump hike.

Recall that upon the removal of the fuel subsidy in June 2023, the prices of transportation, goods and services increased astronomically.

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