Motorists in Ibadan have reacted to the immediate implementation of the new increase in fuel price by filling stations.
Federal Government had yesterday announced an increase in pump price of premium motor spirit,also known as petrol from n123.50kobo per litre to n143.80 per litre.
Some of the motorists, who spoke with our correspondent, frowned at the slow pace of implementation when fuel pump price was reduced some months ago.
The motorists urged the Federal Government to urgently ensure that nation’s refineries are functioning optimally for the betterment of all.
Some residents have however expressed divergent opinions on the development, pointing out that the initial reduction was Government’s response to the fall of oil price on the world market.
Radio Nigeria observed that few major marketers had not adjusted their meters to the current price.
One of the marketers, who spoke on the condition of anonimity, said he was waiting for directive from the headquarters.
The Petroleum Pump Price Regulatory Agency, PPPRA, on May 31st this year announced a reduced price band of 121.50kobo to 123.50kobo for the product.
Olukemi Akintunde
pub-5160901092443552
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