Fuel pump price hike: Motorists, commuters, traders express frustration

Fuel pump price hike: motorists, commuters, traders express frustrationMany motorists, commuters and traders in the Federal Capital Territory (FCT), have expressed frustration over increase in the pump price of petrol.

BRANDPOWER reports that NNPC Retail Management has approved upward review of the pump price of petrol from N617 per litre to N897 litre, effective from Sept. 3.

This is amid economic hardship and persistent fuel scarcity.

Checks revealed that the NNPC retail stations immediately adjusted their pumps and totems (price boards), reflecting the new PMS price of N897 as against N617 per lite.

The independent marketers have also adjusted their pumps as they are now selling between N930 and N1,200.

NNPC Ltd denies paying fuel subsidy

Following the development, many commercial vehicles were off the roads as operators queued at the few filling stations selling the product.

Many stations at Apo, Kubwa express way, airport road were not selling while long queues were seen at the few selling.

BRANDPOWER reports that many commuters comprising civil servants were seen stranded at various bus stops, while motorists, who could afford to buy fuel from the black market increase transport fares.

The motorists, who spoke to NAN expressed sadness about the situation, while calling for the Federal Government’s intervention on the persistent fuel scarcity and hardship on citizens.

Alhaji Abdulaziz Isah, a businessman said the removal of the fuel subsidy with no proper plans in place had affected the oil and gas sector as well as the nation’s economy.

“The dollars keep going high and it makes it difficult for the importers and marketers to buy petrol, this is because they need to sell as they buy to make their profit.

“If the government is not ready to make a lasting policy they should bring back the subsidy as a lot of citizens are suffering.” Isah said.

A civil servant, Mr Aloze Ojo, said he had been in the filling  station since 7 a.m, and he was yet to get fuel.

“We know it is not the government’s making but it should work on the roadmap to avoid any further problem.

“The hardship is too much, at times, I cannot go to work because there is no money for transportation and feeding is a bigger problem.”

A taxi driver, Olusegun Ade said that things were so complicated presently, as they were battling with high cost of petrol and scarcity.

“I run at a loss now, this is because I buy at a high cost and if I increase the transportation, some passengers nay not be able to afford it.

“My family depends on my daily returns and it has not been easy meeting up and with the latest increase I do not know what to do.

“I am begging our president to do something fast on the suffering of Nigerians as it is not easy for a lot of us please,” Ade said.

Mrs Rita Uka, a retired civil servant also urged the government to hasten its Compressed Natural Gas (CNG) project across the country to boost utilisation of CNG vehicles to crash transport fares.

She said that over dependence on PMS was literally making it a scarce product, adding that when CNG becomes common, with its affordability and infrastructure nationwide, PMS would not be scarce anymore.

A Bolt and Uber driver, Mrs Alice Uzo said that the harsh economic situation had increased occasioned by the lack of fuel as well as its high cost.

She said that there was no more profit in the business as she had been driving at a loss just to sustain her means of livelihood.

“I think I will just go home and sleep because this will be very hard, where are we going to? The president needs to do something urgently.”

NAN correspondent, who monitored the City Centre and suburbs on Tuesday, observed that black marketers were making brisk business selling between N1, 500 and N2,000 per litre.

 

Increase will hike food prices again – commuters, traders moan

Some traders and commuters in the Federal Capital Territory (FCT) have frowned at the increase in the pump price of Premium Motor Spirit (PMS) by the NNPC Ltd.
BRANDPOWER reports that the NNPC Ltd. Retail Management approved the upward review of PMS pump price from N617 per litre to N897 per litre effective from Sept. 3.
The commuters and traders, who spoke to NAN in Abuja on Tuesday, said the development would increase food prices which was gradually crashing and also the  sufferings of the masses.
Mr Ignatius Ugwu, a civil servant, said the fuel pump price increase would further reduce the purchasing power of workers.
He said the increase would hike transportation fares which would make it difficult for workers to resume work promptly and be productive.
Ugwu appealed to the Federal Government to pay workers’ minimum wage and introduce other palliatives that would help cushion the effect of the increase on the masses.
”This information is very scary for a country like ours where people are struggling to eat even one good meal a day.
”This increase will make transport fare and other prices of goods and services to go up.
”The government should have been magnanimous enough to put some things in place before this increase.
”They should have paid minimum wage and other arrears, they should have brought out buses to help the masses because whether we like it or not, prices of things will go up, ” he said.
Mrs Antonia Ogbede, a housewife, said the increase would automatically hike food prices which was gradually coming down.
Ogbede said that traders would take the advantage of the fuel increase to also increase the prices of their goods.
She said the spending burden would increase on her spouse who was the sole breadwinner of the family.
”I went to the market today and I saw some traders discussing about the fuel increase.
”I heard one of them making call for some goods to be delivered to him by the company he buys from and they told him that the price will increase by the end of the week.
”The trader ordered 100 cartons and he said he will sell them at increased price.
”The government should please help us before our breadwinners will develop sicknesses as a result of too much spending,” she said.
Mrs Evelyn Otapu appealed to the Federal Government to consider its citizens first before some policies formulation.
However, Mr Andy Kolapo, a driver, said that the increase would make the fuel queues to disappear.
”We heard that they (NNPCL) has been planning to increase the price of fuel to N1,000 per litre and this they have achieved.
”We hope that this will bring to an end the recurring queues in fuel stations,” he said.
BRANDPOWER reports that independent marketers were selling between N1,000 and N1,200 per litre.