Ibadan Residents Groan As Petrol Marketers Adjust Pump Price To N300

Car owners, motorists and commercial cab operators in Ibadan, the Oyo State capital, have continued to groan as the scarcity of Premium Motor Spirit (PMS), also known as petrol, bites harder.

According to DAILY POST Ibadan and other towns and cities across the country have been experiencing a shortage of the commodity for the past few weeks.

Our correspondent gathered that the situation worsened at the weekend when some of the petrol stations selling the product shut their gates against prospective buyers, with independent marketers adjusting their prices to N300.

Read Also: Alleged Defamation: MKO’s Widow Seeks N100bn Damages From IGP

This is against the previous pump price of between N195 and N270.

It was observed that some of the few stations that belonged to major marketers have also adjusted their pump price to N190 against the previous pump price of N180.

Read Also: 2023: PDP Suspends Ekiti Reps Candidate, Olalere,Others

DAILY POST correspondent who went around some major roads in Ibadan in the early hours of Monday observed that scores of commuters plying major roads were stranded due to the ongoing fuel scarcity.

Some of the areas visited included Bodija, Sango, Sango-Eleyele Road and Secretariat Road.

It was also observed that long queues are currently experienced in most petrol stations selling at N190.

Read Also: Naira Redesign: CBN Announces Cash Swap Agents Across 774 LGAs

A resident, who identified himself as Mr Ayanda, said that he bought the commodity at the rate of N190 in one of the petrol stations that belonged to major marketers after spending several hours on Sunday.

“I bought the petroleum at the rate of N190 at NNPP station at express on Sunday. It took me several hours because I cannot go to the place where they sell at N300. It is too expensive”.

Read Also: Fire-for-fire: The man, His Promise, Its Fulfilment

Another resident, Mr Adekunle, however, said that he bought the commodity at the rate of N300 on Sunday.

“My son, I have decided to queue here because I cannot afford to buy at the rate of N300 again. I bought at the rate of N300 yesterday. It pained me to the bone marrow”.

Read Also: Pumas Terminates Dani Alves Contract Following Arrest