Nigerians Question FG’s ₦1,350 Petrol Price Target Within 30 Days

The Federal Government’s plan to bring the price of petrol down to about ₦1,350 per litre within 30 days has come under scrutiny, with concerns that the proposed benchmark may offer insufficient relief to Nigerians grappling with rising living costs.

The proposed target has reignited debate over the government’s efforts to make Premium Motor Spirit (PMS) more affordable, as high transportation costs, food prices and other essential expenses continue to strain households and businesses.

Although a reduction in petrol prices could provide some relief, the projected ₦1,350 per litre has been described as unsatisfactory, particularly for low-income earners who have continued to bear the burden of rising costs.

The development comes amid growing expectations for the Federal Government to introduce effective measures to reduce fuel prices and ease the economic pressure on citizens.

Analysts warn that persistently high petrol prices could continue to drive up transportation fares, food costs and production expenses, with wider implications for businesses and the general cost of living.

For many Nigerians, the concern extends beyond the government’s ability to meet its 30-day target to whether the proposed price would significantly improve their purchasing power.

The government is expected to provide further details on the measures it intends to adopt to achieve the ₦1,350-per-litre benchmark within the stipulated timeframe.

Until then, questions remain over the feasibility of the target, the factors that will determine the final pump price and the extent of relief Nigerians can realistically expect.

The success of the proposed plan will ultimately depend on whether it translates into a meaningful reduction in fuel costs and provides tangible relief to households and businesses.