Fuel Dealers Call for Crude Subsidy as Petrol Prices Climb

Fuel marketers in Nigeria are urging the Federal Government to provide a crude‑oil subsidy to help curb rising petrol prices. They say selling crude oil at reduced rates to local refineries, including the Dangote Petroleum Refinery, could shield consumers from further pump price increases.

Recent price adjustments by the Dangote refinery have contributed to nationwide hikes, with some stations now charging around ₦839 per litre. Marketers warn that if global crude prices remain high, domestic petrol costs could approach ₦1,000 per litre in some areas.

The Independent Petroleum Marketers Association of Nigeria has appealed to the government to expand the naira‑for‑crude supply arrangement to other refineries. They argue that such measures would stabilize fuel prices even amid fluctuating international markets.

Dealers also note that fuel sales have slowed as consumers reduce usage due to higher costs, highlighting the financial pressure rising petrol prices are placing on households and businesses.