Residents, transport operators and business owners in Lagos have said rising fuel prices are increasing transportation fares, business costs and pressure on household incomes.

A survey by correspondents of the News Agency of Nigeria (NAN) showed that petrol prices rose from about N1,250 per litre to above N1,300 in many filling stations, with some outlets dispensing at N1,440 per litre. Mr Hassan Dogara, Station Manager, NNPC Falomo, said the fuel market was volatile.

According to him, global supply disruptions and rising operational costs are contributing to the increase. A commercial driver, Mr Adeyemi Olufemi, said the development had significantly affected transport operators and commuters.

He said his daily fuel expenses had risen from N11,000 to about N23,000. “The increase has made business difficult because many people now prefer walking or staying at home,” he said.

In Festac Town, a fashion designer, Mr Oluwaseun Alamu, said he had become more dependent on petrolpowered generators to run his business. “Things are very difficult now. Paying for basic necessities is expensive, and I have had to reduce my living expenses drastically,” he said.