00:01Nigeria's illegals are feeling the impact of soaring fuel prices as the
00:05ongoing conflict in the Middle East disrupts global oil supplies and drives
00:10up the cost of living. At petrol stations across the city on Monday, fuel was
00:15selling for more than a thousand naira per litre. That's about 73 US cents
00:20following the latest price hike last Friday. I never expected it. I thought it
00:25would be coming down. But now that we have it, I've fouled my tank, I think, twice this weekend, and
00:33it's really eating hard.
00:36For many Lagos residents already struggling with the high living cost, the
00:41effects of the conflict are now clearly visible at the fuel pump and in their
00:46everyday expenses. We are going through all this expensive, this increase of
00:55transportation, and salary is not increased. So the things are affecting us. What we do buy before,
01:02maybe we buy something at the rate of 200, 300, 1000, something at 1009, we have increased to 150.
01:10Everything is going up.
01:11What I earn monthly and what I spend had really gone up and it has been really bad.
01:17And for my colleagues that earn lesser than myself, they are really groaning because
01:22now spending has really gone up and income for salary has not really gone up and it has been very
01:29terrible for everybody.
01:30Despite being a major oil producer, Nigeria relies heavily on imported refined fuel, leaving the country vulnerable to sudden price
01:37shocks on the international market.
01:39Global gasoline and diesel markets have tightened with supply fears pushing up prices.
01:45Based on all of these.
01:47That's the first time we see a high risk ofING a choice.
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