Petrol hits ₦1,470, as workers struggle on ₦70,000 ($52.84) minimum wage

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Fuel prices are rising while workers’ pay stays put, leaving millions of Nigerians with less money to cover transport, food and daily needs.

The rising price of petrol is putting fresh pressure on Nigerian households as pump prices reach as high as ₦1,470 per litre in some parts of the country.

The latest increase comes at a difficult time for workers, with the national minimum wage still standing at ₦70,000 a month.

Nigeria’s current minimum wage was introduced in 2024, but it has remained unchanged in 2026 even as the cost of fuel, food, transport and other basic needs continues to rise.

Recent reports show that the Federal Workers Forum has called for the minimum wage to be increased to ₦300,000, arguing that the current salary no longer reflects the economic reality facing workers.

The Nigeria Labour Congress has also indicated that fresh discussions on the minimum wage could begin, as inflation continues to reduce the purchasing power of workers.

The pressure becomes clearer when petrol prices are compared with the minimum wage.

At ₦1,400 per litre, a worker earning ₦70,000 would need almost ₦28,000 to buy just 20 litres of petrol. That is about 40 percent of the entire monthly minimum wage.

At ₦1,470 per litre, the same 20 litres would cost ₦29,400.

This means a worker on the national minimum wage could spend a large part of monthly earnings simply getting to work or running a petrol powered generator.

Earlier official data also showed how sharply fuel prices have affected workers. In May 2026, the average retail price of petrol was reported at ₦1,596.25 per litre. At that price, ₦70,000 could buy only about 44 litres of petrol.

The impact goes beyond motorists.

Higher petrol prices usually increase transport costs because commercial drivers spend more to operate their vehicles. The higher transport costs can then push up the prices of food and other goods as traders and businesses spend more to move products.

Small businesses that depend on generators are also facing higher running costs. For many shops, workshops and other businesses, petrol is not just a transport expense but part of the cost of keeping the business open.

For workers earning ₦70,000 a month, the situation is creating a growing gap between income and everyday expenses.

Calls for a higher minimum wage are therefore becoming stronger as workers struggle to keep up with the rising cost of living.

The Federal Workers Forum has demanded a new minimum wage of ₦300,000, while other voices have called for a much bigger increase. The debate is now focused on how to raise workers’ incomes without creating additional pressure on inflation and businesses.

For millions of Nigerians, however, the immediate concern is simple.

As petrol becomes more expensive, the ₦70,000 minimum wage buys less, while the cost of getting to work, feeding a family and running a household continues to rise.

The growing gap between wages and living costs is turning the fuel price increase into a much bigger economic issue for Nigerian workers.

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