Economy

Ibadan Residents Bemoan Hike in PMS Pump Price

Residents of Ibadan have frowned at the irregular price of premium motor spirit, PMS, known as petrol by most filling stations in the metropolis. 

Our correspondent who visited some filling stations in the Ibadan metropolis reports that the majority of filling stations lock their gates to customers while few filling stations belonging to independent marketers are selling the product between 230 and 250 naira per litre and some major marketers selling at one hundred and eighty naira witnessed a long queue without the hope of getting the product.

Residents who spoke with Radio Nigeria expressed their feelings of anger, saying it was an artificial scarcity created by marketers. 

The motorists noted that the current economic situation confronting the citizens was hard to bear coupled with fuel scarcity.

They maintained that the situation called for urgent attention of the federal government before it escalates.

In a reaction, one of the major marketers, Mr John Steven, explained that the situation was terrible for him to manage, calling for a lasting solution to end the incessant fuel scarcity.

Efforts to speak with the chairman of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Oyo/Osun Branch, Alhaji Bukola Mutiu were unsuccessful as his number was not going. 

Kemi Akintunde

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