Home Energy & Oil Commuters Still Paying High Fares Despite Fuel Price Drop, CNG Introduction
Energy & OilNews

Commuters Still Paying High Fares Despite Fuel Price Drop, CNG Introduction

Share
Share

Despite reduced fuel prices and the introduction of cheaper Compressed Natural Gas (CNG), Nigerians continue to grapple with high transportation fares. Passengers across Lagos, Ogun, and Oyo states report no significant relief, attributing the inflated costs to the actions of transport unions.

Many lament that fares, which surged by nearly 400% since President Bola Ahmed Tinubu’s inauguration when petrol prices soared to N1200 per litre, remain unaffordable.

Investigations reveal that commercial transporters face multiple daily levies in parks, imposed by unions and state governments, further burdening drivers.

This situation persists even as national data from April 2024 shows intercity bus fares averaging N7,122.57, a significant jump from N3,994.51 in the previous year, highlighting the disconnect between fuel price reductions and actual transport costs.

Share
Related News
News

Wike Issues Final 14-Day Ultimatum To Abuja Land Defaulters Over N5m Fine

The Minister of the Federal Capital Territory (FCT), Nigeria, Nyesom Wike, has...

NewsTop stories

Tinubu Congratulates Soludo On Landslide Re-Election, Vows Continued Federal Collaboration

President Bola Tinubu has congratulated Anambra State Governor Chukwuma Soludo on his...

News

Rumours and Policy Gaps Threaten Lekki Free Zone’s Global Appeal, Says LFZDC MD

The Managing Director of the Lekki Free Zone Development Company (LFZDC), Dai...

News

APC Chieftain Calls On Nigerians To Unite Behind Tinubu Amid Trump’s Threat On Terrorism

Olatunbosun Oyintiloye, a chieftain of the All Progressives Congress (APC) in Osun...