Owerri, the capital of Imo State is currently witnessing a return of long queues in some filling stations following a hike in the prizes of a litre of Premium Motor Spirit popularly known as fuel
This is coming immediately following President Ahmed Tinubu’s speech during his swearing-in as the 16th President of Nigeria on the removal of fuel subsidy.
As it stands now in Owerri, a litre of fuel costs between N380, N400 and N450 and N500 at different fuel stations in Owerri
Fuel station owners who were initially dispensing at N235 and N240 per litre immediately readjusted their pump prices at N380, N400 and N450 and N500 per litre, respectively.
Tribune Online observed that the development on Monday evening and Tuesday morning in the metropolis, resulted in many fuel stations shutting down, while the few who managed to open were selling at N380, N400 and N450 per litre, respectively.
The development had caused queues at different fuel stations that are dispensing fuel in the state capital.
Our correspondent observed also that motorists have immediately increased the prices of fares per drop in the state capital.
For example, from Orji to Douglas road which was N200 is now N300 per drop. Orji to the government house roundabout which was N100 per drop is now N200.
A motorist who identified himself as Emeka expressed regret over the situation and said that it was surprising that the first thing President Tinubu will do to Nigerians is to subject them to unexpected hardship.
He said that the hike in the prices of fuel will certainly in turn skyrocket the prices of goods and services and further deepen hardship in the country.
He said: “We are buying N380 and N400 here. There are others who are selling at high prices.”
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