April 23, 2024 3:14 pm
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‘Price Hike Agony: Kaduna Residents Voice Out as Fuel Prices Skyrocket’

The price of Premium Motor Spirit (PMS), also known as petrol, has soared across Nigeria, leaving residents of Kaduna in dismay. Many petrol stations, including those run by the Nigeria National Petroleum Company Limited (NNPCL), have adjusted their pump prices to rates higher than what was previously charged.

While some major and independent marketers are selling petrol at N620 per litre, others still offer it at N540 and N550 per litre in the state capital. Motorists, infuriated by the sudden price hike, have criticized the marketers for selling petrol at N620 per litre when old stocks are still available. They are urging the government to take immediate action.

Victor Rueben, a resident interviewed by Channels Television, expressed his frustration, stating, “People almost fought here because those who bought petrol before me paid N540. Suddenly, the lights went off, only for them to return and adjust the meter to N620. I had no choice—I had to buy it. This situation is not funny. My appeal to the government is to fix our refineries so that fuel price increases can be curbed.”

  1. “When they take the crude oil out they tell us they are paying higher money to bring it back, if our refineries are working, all these things won’t be like this,” Rueben said.

Another resident, Abubakar Iliyasu, laments, “I have been waiting here for the past one hour, and in less than 10 minutes they said they have increased the fuel price to N620. Are they selling new stock or old stock? We are still using old stock. Look at all those vehicles waiting for fuel—suddenly they are selling at N620. Where are we heading as Nigerians? There is no justification for this. The government needs to realize that things are worsening, and we cannot just sit back and bear it.”

  1. “Let the government realise that things are worsening, we cannot just fold hands and start bearing it.”

Meanwhile, long queues have reappeared at filling stations that still sell at the old pump price of N550 per litre. However, an independent marketer told Channels Television on condition of anonymity that many petrol stations will undoubtedly adjust their prices to the new N620 per litre.

A filling station located along Kachia Road in Kaduna metropolis is currently selling at the old pump price of N540 per litre. The owner, however, informed our correspondent that he is considering adjusting the price to N620 to reflect the current price regime.

This latest increase marks the second significant jump in petrol price since May 29, when President Bola Ahmed Tinubu announced the end of fuel subsidies. Prices had already risen from under N200 per litre at NNPC outlets and many stations across the country to the N500 range.

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