Petrol prices in Nigeria have surged to record highs, triggering a sharp increase in transport fares across the country.The spike is driven by rising global crude oil prices, exchange rate volatility, and limited domestic supply.Dangote Refinery, the nation's largest, has linked prices to international markets, passing on costs to consumers.Transport operators have raised fares by up to 50%, straining commuters and businesses.Analysts blame a deregulated petroleum market and reliance on imported crude, with calls for government intervention to subsidize local refining.The situation highlights deeper issues in Nigeria's energy sector, where reforms have failed to address affordability for ordinary citizens.Small businesses and transport workers are bearing the brunt, with some warning of potential strikes or service disruptions.Experts urge expanding 'Naira for crude' policies to stabilize prices, but vested interests in imported oil are seen as a barrier.The crisis underscores the urgent need for systemic changes to protect consumers from volatile global markets.