Nigerians Brace for Inflation Surge as NNPCL Increases PMS Price by ₦278

With the recent upward price review on Premium Motor Spirit (PMS) by NNPCL, Nigerians are bracing for intensified inflationary pressures. The staggering increase of ₦278 per litre—let’s round it to ₦500, given that many in the East and North often face unofficial pricing—signals a ripple effect across the economy.

This surge will inevitably lead to higher costs for transportation, food, healthcare, and education, placing an even greater financial burden on households. As prices soar, the everyday struggles of Nigerians are set to escalate, amplifying concerns about affordability and economic stability.

It remained to be seen how this will affect the price of telecom as the days go by as telecom sector, heavily reliant on fuel for operations and infrastructure maintenance, may face increased operational costs, potentially leading to higher tariffs for consumers.