BREAKING: Long Queues Return to Ibadan as Petroleum Stations Increase Pump Price to N1200 Per Litre (Photo)

Long queues have resurfaced in Ibadan, Oyo state. Commercial buses, private cars, motorcycles and tricycles were seen joining a long queue in a bid to buy petrol. DailyPost reported that people of Ibadan have been experiencing a scarcity of petroleum since last week......See Full Story>>.....See Full Story>>

When DailyPost correspondent visited some of the major areas in Ibadan, it was observed that the situation worsened on Monday when the majority of petroleum stations shut their gates.

Some of the areas visited include Sango, Ijokodo, Apete, Awotan and Bodija.

Others are Agodi Gate, Total Garden, Yemetu and UI-Secretariat Road.

It was observed that only a few petroleum stations selling the product in these areas have increased their pump prices.

Recall that, depending on the location, all petroleum stations belonging to independent marketers are selling between N950 and N1200.

However, it was observed that petroleum stations belonging to major marketers, such as the Nigerian National Petroleum Company, are selling at the rate of N580.

It was also observed that petroleum stations belonging to BOVAS have increased their pump prices from N650 to N670.

Our correspondent gathered that some commuters were stranded as a result of the petroleum scarcity on Monday morning.

A civil servant who identified himself as Mr Adekunle described the situation as worrisome.

“It is worrisome. Do you know that we are now buying petroleum at the rate of N960 to N1200 depending on the area? We are tired of this mess,”he said.

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