Nollywood actor Wale Okunnu has voiced strong frustration over the persistent rise in petrol prices, questioning how a major oil-producing nation like Nigeria continues to face such high costs at the pump. In a widely shared video, Okunnu highlighted the jump from N1,240 to N1,340 per litre within days and called on authorities and marketers to provide answers.
The actor expressed disbelief at the situation, noting: “As at Saturday, petrol was N1,240 per litre but as at Sunday, March 22, it has risen to N1,340 per litre.” He wondered aloud why the increase persists despite local crude production, saying,
“We know there is war in Israel and Iran but don’t we have our own crude oil? Why is it that our own petrol is so expensive?”
Okunnu placed significant blame on petroleum marketers, stating that Nigerians are “punishing ourselves” through their actions. He questioned whether the government should now be held accountable, reflecting the widespread public anger over repeated price hikes that have strained households and businesses.
Current market realities show petrol prices fluctuating between N1,130 and N1,350 per litre across states, influenced by global crude spikes due to Middle East tensions and adjustments at the Dangote Refinery. Despite Nigeria being one of Africa’s largest crude producers, reliance on imports and refining dynamics have kept pump prices volatile even as local production ramps up.
The veteran actor’s comments have resonated strongly online, with many Nigerians echoing his concerns and sharing similar experiences of rising transportation and living costs. His video has amplified calls for greater transparency and intervention from regulators and the government to stabilise the market.
As one of the familiar faces in Yoruba cinema with decades of experience, Okunnu’s public stance adds a relatable voice to the national conversation on fuel pricing.
The development comes at a time when the Dangote Refinery continues to increase its share of local supply, yet external factors and domestic pricing mechanisms keep pump prices elevated. Public frustration remains high, with the actor’s outburst serving as a timely reminder of the everyday impact on ordinary people.