• News - South West - Oyo
  • Updated: May 31, 2023

Fuel Subsidy: Residents Lament As Queues Resurface In Ibadan

Fuel Subsidy: Residents Lament As Queues Resurface In Ibadan

Residents of Ibadan, Oyo State have started to lament the hardship they are experiencing as a result of the increase in Premium Motor Spirit (PMS).

The increase in the price of petrol comes after the announcement of President Bola Ahmed Tinubu in his inauguration speech on the suspension of the fuel subsidy regime on Monday.

Giving a reason for the suspension, President Tinubu stated that the regime is no longer sustainable in Nigeria.

Also, information available to AllNews Nigeria indicated that long queues have resurfaced in Ibadan and residents have been engaging in panic buying of the commodity.

Some of the residents, on Wednesday, said they wanted to stock up before the official implementation of the subsidy removal.

Dr Dele Awodola, an Ibadan resident said that since nobody could predict how things would go. Hence, he had to struggle to fill his car with fuel.

“We heard the announcement about subsidy removal and we knew that things might be tough at first. So before the commodity is sold for a higher price, I decided to buy enough fuel for now,” Awodola said.

Olayinka Anu, an entrepreneur, said it was difficult getting his children to school due to traffic caused by queues at filling stations.

“We had to take shortcuts to where we were going and even at that, major routes were congested and movement stalled for hours. It was so annoying,” he lamented.

Moses Ariwoola, a commercial driver, said most of his colleagues were in queues at filling stations where they would get the commodity at the official price before it eventually goes up.

“All we ask for is respite whenever fuel subsidy is removed. We do not want more hardship than what we are currently experiencing,” he said.

It is reported that while most of the filling stations within the metropolis shut their doors, the few ones that were selling the commodity witnessed long queues, with some of them selling for between N300 and N350 per litre.



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