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Fuel Prices in Kano Skyrocket to ₦950 Per Litre, Triggers 100% Hike in Transport Fares

oweleketv by oweleketv
August 14, 2024
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Fuel Prices in Kano Skyrocket to ₦950 Per Litre, Triggers 100% Hike in Transport Fares
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Fuel prices in Kano State have surged dramatically, with a litre now selling for between ₦900 and ₦950 at the few filling stations that remain operational.

This sharp increase has triggered a significant ripple effect, particularly in transportation, as fares for commercial tricycle operators within the metropolitan local government areas have doubled.

The sudden spike in fuel prices follows closely on the heels of the nationwide #EndBadGovernanceInNigeria protests, which underscored widespread public discontent over economic hardship and poor governance.

As of Tuesday, most filling stations in Kano city have shut down operations, worsening the fuel scarcity.

The few stations still in operation have seen long queues of vehicles as desperate motorists scramble to buy fuel at the inflated prices.

Before the protests, fuel prices ranged between ₦780 and ₦850 per litre. However, the ongoing scarcity has pushed prices even higher, with black market sellers exploiting the situation.

Investigations revealed that a litre of fuel on the black market now costs between ₦1,100 and ₦1,200, depending on the location.

The price hike has severely impacted commuters, with tricycle operators—commonly known as “Keke NAPEP”—raising their fares by about 100 percent.

Many residents have voiced frustration over the sudden rise in transportation costs, further exacerbating the financial strain on households already grappling with the high cost of living.

Tags: Kano State
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