Saturday, April 25, 2026
Home Business FCCPC CAUTIONS ROAD TRANSPORTERS AGAINST ARBITRARY FARE HIKE

FCCPC CAUTIONS ROAD TRANSPORTERS AGAINST ARBITRARY FARE HIKE

 

The Federal Competition and Consumer Protection Commission (FCCPC) has cautioned inter-city road transport operators against arbitrary and unexplained fare increases during the ongoing yuletide travel period, following a surge in consumer complaints across several parts of the country.

 

The Commission recognises that seasonal demand, operational pressures and other legitimate cost factors may affect transport pricing. However, consumers are entitled to clear, accurate, and timely information on fares before travel. Any fare adjustment must therefore be transparently communicated and applied fairly.

 

The FCCPC also notes that these complaints are arising at a time when there are reports of reductions in the pump price of premium motor spirit across parts of the country. While fuel cost is only one of several inputs that may influence transport fares, increases that are not properly explained or disclosed raise valid consumer protection concerns.

 

Commenting on the development, the Executive Vice Chairman and Chief Executive Officer of the Commission, Mr. Tunji Bello, said the FCCPC is closely monitoring market conduct throughout the festive season and has intensified engagement with transport unions, park managers and operators nationwide.

 

He explained that these engagements are preventive in nature and are aimed at encouraging responsible pricing practices, voluntary compliance and orderly market behaviour.

 

Bello clarified that price increases are not, in themselves, unlawful. However, conduct that exploits consumers or takes unfair advantage of heightened seasonal demand may attract regulatory attention under the Federal Competition and Consumer Protection Act (FCCPA) 2018.

 

He further noted that practices such as inadequate fare disclosure, coercive conduct, or coordinated pricing arrangements among operators to the detriment of consumers will be subject to strict regulatory scrutiny. Where cases of violation are established, he warned, culprits face stiff penalties.

 

Consumers are advised to confirm fares before travel, retain evidence of payment, and report any suspected unfair practices to the Commission through its complaint portal

 

 

RELATED ARTICLES

COURT AFFIRMS FCCPC AUTHORITY OVER BANKS, DISMISSES UBA SUIT

by Kikelomo Okere, Business Editor A landmark ruling by the Federal High Court in Abuja has reaffirmed the authority of the Federal Competition and Consumer...

DANGOTE SPOTLIGHTS REFINERY, VISION 2030, OTHERS, AT NASARAWA TRADE FAIR

  Africaโ€™s leading conglomerate will feature its flagship Dangote Refinery and Petrochemical Company at the 2026 Nasarawa Trade Fair, which will be officially declared open...

RESOLUTION OF FAILED BANKS: NDIC COMMENCES PROCESS TO CONCLUDE THE LIQUIDATION OF 89 MFBS & PMB

  The Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of concluding the liquidation activities of 89 closed Microfinance Banks (MFBs) and Primary Mortgage...

Most Popular

FG REAFFIRMS COMMITMENT TO 1,028KM LAGOSโ€“ABIDJAN CORRIDOR PROJECT

  The Federal Government has reaffirmed its commitment to the delivery of the 1,028-kilometre Lagosโ€“Abidjan Corridor, a major regional highway expected to boost trade and...

COURT AFFIRMS FCCPC AUTHORITY OVER BANKS, DISMISSES UBA SUIT

by Kikelomo Okere, Business Editor A landmark ruling by the Federal High Court in Abuja has reaffirmed the authority of the Federal Competition and Consumer...

ALL 13 KIDNAPPED OTUKPO PASSENGERS RESCUED

Felicity Ndere, Markudi All thirteen passengers abducted along the Makurdiโ€“Otukpo road in Otukpo Local Government Area of Benue State have been successfully rescued. Security sources confirm...

NMDPRA DISMISSES JET FUEL SCARCITY CLAIMS, CONFIRMS 74-DAY SUPPLY

Kikelomo Okere The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has dismissed reports of aviation fuel scarcity and price spikes, assuring Nigerians of adequate...

Recent Comments