There is palpable frustration in major cities across Nigeria due to long queues at filling stations occasioned by hikes in prices of premium motor spirit (PMS), otherwise called petrol and the closure of many stations. The hikes in fuel prices and hoarding of fuel come hours after the newly elected President, Bola Tinubu, declared an end to fuel subsidy in the country during his inaugural speech on Monday.
Fuel Queues, Frustration Hit Lagos, Sokoto, Ibadan, Other Nigerian Cities Over Fuel Scarcity After Tinubu’s Declaration Of Subsidy RemovalThe hikes in fuel prices and hoarding of fuel come hours after the newly elected President, Bola Tinubu, declared an end to fuel subsidy in the country
There is palpable frustration in major cities across Nigeria due to long queues at filling stations occasioned by hikes in prices of premium motor spirit , otherwise called petrol and the closure of many stations.The hikes in fuel prices and hoarding of fuel come hours after the newly elected President, Bola Tinubu, declared an end to fuel subsidy in the country during his inaugural speech on Monday.
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Fuel queues hit Abuja, other cities as Tinubu announces subsidy removalSubsidy can no longer justify its ever-increasing costs in the wake of drying resources, Mr Tinubu said.
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JUST IN: Petrol Queues Resurface After President Tinubu Announced Fuel Subsidy Removal | Sahara ReportersPetrol stations in Lagos started witnessing queues few hours after President Bola Tinubu announced that “fuel subsidy is gone”. Some Nigerian National Petroleum Corportation (NNPC) stations in Ikeja, Alausa were crowded by motorists who rushed to buy the product. Many private stations were not selling as of the time of filing this report, Daily Trust reports. SaharaReporters earlier reported that the newly inaugurated Nigerian president officially announced the removal of fuel subsidy, saying that there was no provision for it.
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BREAKING: Petrol Queues Resurface In Abuja Hours After Tinubu Vowed To Remove Fuel Subsidy | Sahara Reporters
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Fuel Queues: Nigerian regulatory agency warns against panic buying'We, therefore, call on Nigerians to remain calm and resist the urge to stockpile as it poses a significant safety hazard,' an official said.
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Fuel Subsidy Removal Will Not Take Effect Immediately – President Tinubu Reacts To Backlashes | Sahara ReportersPresident Bola Tinubu has stated that the fuel subsidy removal announcement he made during his inaugural speech on Monday will not take effect immediately. Tinubu, through a statement released by the Asiwaju Bola Ahmed Media Centre, noted that Nigerians should not resort to panic-buying which had ensued as a result of his speech. SaharaReporters reported that fuel queues surfaced immediately Tinubu made his speech, with fuel prices going up as high as N350 per litre in the major cities of Lagos, Abuja, Port Harcourt and other locations.
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PHOTOS: Queues return to Lagos, Abuja after Tinubu's petrol subsidy removal speech | TheCableShortly after President Bola Tinubu announced the cancellation of petrol subsidy, queues for the product have resurfaced in parts of the country.
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