Economy

Ibadan Residents Bemoan Hike in PMS Pump Price

By Web News 797

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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Economy

Ibadan Residents Lament As Petrol Queues Resurface

By Web News 716

Most filling stations in Ibadan Oyo State metropolis have locked their gates to customers. 

Radio Nigeria Correspondent, Olukemi Akintunde, who monitored the situation in some areas in Ibadan, observed that some filling stations selling the product had long queues.

A manager in one of the filling stations, Mr Ayodele Asade said they were selling at official pump price, but was surprised to see long queues in his station.

Some motorists and commercial drivers, who spoke with Radio Nigeria lamented that marketers were using the avenue to exploit them.

They called on the Federal Government to proffer lasting solutions to forestall fuel scarcity.

Reacting, chairman, Independent Marketers Association of Nigeria, IPMAN, Oyo state chapter, Alhaji Bukola Mutiu attributed the long queues in some filling stations in the state to lack of supply of premium motor spirit PMS, by the Nigerian national petroleum corporation, NNPC, Ibadan depot.

Alhaji Mutiu explained that for the past two months, IPMAN had been buying the PMS, from the private depot in Lagos at an exorbitant price and low quality.

The IPMAN chairman enjoined his members to follow due process while buying the product to ensure it is unadulterated.

Kemi Akintunde