Our Correspondents The chaotic reaction to the removal of petrol subsidy announced by President Bola Tinubu on Monday continued yesterday, with many filling stations across the country hoarding the product,
The chaotic reaction to the removal of petrol subsidy announced by President Bola Tinubu on Monday continued yesterday, with many filling stations across the country hoarding the product, while the few that opened to customers sold at exorbitant prices
However, few hours after the president’s announcement ditching petrol subsidy, marketers of petroleum products started raising their pump prices from the official N185 and unofficial N200 per litre to between N350 and N600 across the country.In Lagos, commuters were left stranded yesterday as fare prices skyrocketed. THISDAY monitoring around some parts of Lagos revealed that several filling stations, apart from Total and NNPC, were selling way above the official price.
As a result of the rowdiness at the filling stations the black markets have resurfaced some of them operating almost opposite the official filling stations and were selling far above the official litre price.Long queues emerged yesterday at filling station in Maiduguri, the Borno State capital and Damaturu, the capital of Yobe State.
However, at the borders areas of the state like Mubi and Maihia Local Government Areas which has border with Cameron, petrol was sold for between N500 to N600 per litre.Fuel scarcity yesterday persisted in Ilorin, the Kwara State capital as many petroleum filling stations did not open for business. Already, the pump prices of fuel has increased from N195 per liter to N650 per liter in the state.
While a few of the major stations along MCC and Murtala Mohammed Way sold for between N400 and N500, a few others, especially those in Calabar South sold for between N500 and N500 even with long queues in the stations.Most filling stations in Abeokuta, Ogun State, yesterday locked their gates against motorists. Checks in the state capital, revealed that few Independent Petroleum marketers that were selling fuel did so, to their customers at prices between N230 and N400.
THISDAY also observed marketers and operators increased petrol pump price and were selling between N350-N500 per litre. The sharp increase in fuel pump price was almost 100 per cent. Two petrol stations visited in Ijoka road and Akure-Ilesha expressway were selling between N350- N500.In Enugu, some filling stations which opened for operations, yesterday, especially in the Abakpa area of the state sold their products between N350 and N500.
Most filling stations quickly closed up and stopped selling the products to consumers but they resumed late at night, selling only to black marketers, who now sells to consumers at between N700 and N800 per litre.All petrol stations in Ekiti State were under lock and key since early morning of Tuesday.
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