N500 pump price: Fuel queues disappearing in Osun

In a twist of events, long queues have vanished from major fuel stations within Osogbo the Osun State capital as at Thursday morning.

Most fuel stations could be observed selling Premium Motor Spirit, PMS at N500 per litre which is the adjusted price by the Nigerian National Petroleum Company Limited, NNPCL.

Vehicles could also be observed driving in and out of these fuel stations.

A vehicle owner, Abraham Adekunle who barred his mind revealed that though the cost was up by more than 100 percent, he as content to drive into the fuel station and buy without any hitch.

"My brother in as much as the product is available. Why am I disturbing myself? I will look for the money and buy as much as I want."

A fuel attendant at Matrix Oil, who preferred anonymity stated that they it was the decision of both management and petroleum marketers to cap the pump price at N500 per litre.

She added that, "consumers have been receptive. They understand that the issue has gone beyond us but now rest with those in authority.

"If they review the fuel subsidy regime again. The pump price may go up or down depending on where the pendulum swings."

Cost of commuting has also soared as a commercial motorcycle trip of N300 has increased to N500 and minibus drops have increased to between N200 to N150 depending as against N100 last week.




FI