Many gas stations across the country have shut down their businesses less than 24 hours after president Bola Tinubu ended the fuel subsidy. The de
Many gas stations across the country have shut down their businesses less than 24 hours after president Bola Tinubu ended the fuel subsidy.
The development has equally triggered a 100 per cent hike in transport fares, while long queues resurfaced at fuel stations across Ondo, Lagos, Abuja, Ilorin, Benin, Asaba, Port Harcourt, Kano, Makurdi and other major cities and urban areas.
Some of the gas stations have increased the pump price of Premium Motor Spirit commonly known as petrol from N195/l to N600 per litre.
In some states like Ondo, Ekiti, Osun, the product is being sold for N400, N500 per litre.
Tinubu had in his inaugural address at the Eagle Square on Monday pronounced an end to subsidy, noting that the 2023 Appropriation Act did not provide for petrol subsidy beyond June; the end of the 18-month extension period approved by the Muhammadu Buhari administration for the discontinuance of the subsidy regime.
Fuel marketers had taken the advantage of the president’s pronouncement to hike the pump price to the consternation of citizens.
Checks by THE PLAINTRUTH in Lagos revealed that many gas stations are selling petroleum above the official price.
A motorist in Lagos, Akindele Dauda told our correspondent that he bought fuel at N600 per litre.
“We don’t know what is going on in Nigeria; look, this morning I struggled to buy petrol for N600 per litre. Our leaders must find a solution to this very urgently,” he stated.
Another commercial driver identified as John Babajide in Ondo, said he bought per litre of petroleum at N400 in Akure.
Our correspondent observed that transport fares along the Oshodi-Apapa corridor had increased by 100 per cent, the same as the Oshodi-Ojota-Ketu route.
In Nasarawa and Niger states as well as Abuja, the queues for petrol at the few filling stations that dispensed products grew worse on Tuesday, as most outlets were shut.
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