Fuel price hike: NNPC increases Petrol to N915 as global crude surge bites (Nairametrics)

23 Jun 2025 02:25 pm
Energy

The Nigerian National Petroleum Corporation (NNPC) has announced an increase in the price of petrol to N915 per litre citing a surge in global crude oil prices. This is a significant increase from the previous price of N162 per litre. The NNPC stated that the increase is necessary to reflect the current market realities and ensure the availability of fuel in the country. The rise in global crude oil prices has been attributed to increased demand as economies reopen after the COVID-19 pandemic. This hike in fuel price is expected to have an impact on the cost of living for Nigerians and may lead to inflation.

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Link to Original Story: https://nairametrics.com/2025/06/23/fuel-price-hike-nnpc-increases-petrol-to-n915-as-global-crude-surge-bites/

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  • 1) With petrol now ₦915 over rising crude prices, Was this hike unavoidable or poorly handled?
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  • 2) With fuel prices up again, How will this hit everyday Nigerians, especially transporters and small businesses?
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  • 3) With prices tied to global crude, Should Nigeria cut fuel imports or is that easier said than done?
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  • 4) With fuel this costly, What’s the best long term fix, Local refining, alternative energy, or some subsidy?
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