RED ALERT! FUEL MAY BE SCARCE AND PRICE INCREASED AS FROM TODAY

By Arowoogun Abiola

There are indications that fuel may become scarce from today Monday 7th August, 2023 as many filling stations have shut their gates against customers by the evening of Sunday 6th August, 2023.

This, according to some unconfirmed reports may not be unconnected with the plan of some independent marketers to increase the price per litre of the premium motor spirit (PMS) popularly known as petrol.  Our correspondent who visited petrol stations within Ifako-Ijaiye LG, Ojokoro  LCDA and Agbado/Oke-Odo LCDA by Sunday evening met most of the stations shutting their gates against customers by today. 

A conoil filling station Along Charity Road, Abule-Egba area met closed around 7pm sunday evening

Our correspondents who went around in the evening of sunday 6th August to filling stations within Ifako-Ijaiye LG, Ojokoro LCDA and Agbado/Oke-Odo LCDA saw most of the filling stations already closed their gate even before their usual closing time.

Some commutters who spoke with our correspondents expressed their displeasure, saying owners of filling stations do hold meetings in which they join together to hold people into ransom.

“This is what independent marketers in charge of these stations do when they want to increase fuel price”.  A concerned motorist blurted.  “This most times is to create artificial scarcity that will cause distress purchase”.

A Conoil petrol station manager around Abule-Egba who spoke in anonymous with our correspondents explained that his filling station was closed sunday afternoon because price of fuel may be increased on monday 7th August, 2023.  This according to him is because of likely increased price of crude oil in the international market by monday.   

Meanwhile, as at monday morning when gathering this news, our correspondent saw most filling stations in Lagos State were opened and still selling at their former price, between N560 to N600 price without any upward review yet.

A tricylce rider, Mr. Sunday Fatore confirmed that fuel price still remains the same as at this morning. he confirmed he bought litre of fuel at N568 in a filling station located around command area, along Ipaja/Abule-Egba Axis of Lagos State.

It will be recalled that price per litre of PMS increased from around N200 to around N600 when the newly elected President Bola Ahmed Tinubu announced the removal of fuel subsidy during his inaugural speech on 29th May, 2023.  Nigerians are already crying under the heavy economic burden that the increase in fuel price has caused as it has caused a hike in the prices of so many products, especially, food items.

How much the likely new increase in the price of fuel will affect Nigerians is better imagined.

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