Hours after NNPC reduced fuel price, LAMATA raises BRI fares by 18% from Monday
The Lagos Metropolitan Area Transport Authority (LAMATA) has announced an 18 per cent increase for its bus fares to all destinations.
Disclosing this in a notice on Thursday, LAMATA stated that the increment, which takes effect from Monday, is due to the increase in the cost of its operation.
It read, “Please be informed that there will be an 18 per cent increase in the bus fare on all Bus Reform Initiative (BRI) schemes. The fast rise is because of the increase in the cost of operations and the need to ensure that buses keep running and guarantee your movement around Lagos. The new fare will take effect from Monday, February 17, 2025.”
LAMATA’s announcement came a few hours after the Nigerian National Petroleum Company Limited effected a reduction in the price of Premium Motor Spirit otherwise called petrol, from N960 to N945 per litre at its filling stations.
In the same vein, Dangote Petroleum Refinery and Petrochemicals, which on Tuesday, announced a reduction in the cost of its diesel from N1,075 to N1,020 per litre at the gantry price, had also on February 1, slashed its ex-depot price for fuel from N950 to N890, which took effective from Saturday.
The fuel price downward review resulted in marketers such as MRS selling the commodity at a reduced price of N925.
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