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Business News of Wednesday, 31 May 2023

Source: www.mynigeria.com

Filling station shut down for selling fuel at N600 less than 24hours Tinubu removed fuel subsidy

File photo to illustrate the story play videoFile photo to illustrate the story

A filling station has been sealed for increasing the price of fuel less than 24 hours President Bola Tinubu announced the removal of fuel subsidy.

On Monday, May 29, during the inaugural speech of President Tinubu, he mentioned that his administration will be removing the fuel subsidy.

Despite the fuel subsidy yet to be implemented, some fuel station took it upon themselves to halt the sale of fuel, while others increased the cost of the fuel.

Long queues began to emerge as a result, thereby causing fear and panic in the country.

However, a video has surfaced of a taskforce sealing off a fuel station for increasing the price of fuel.

The price of fuel which was sold at N230 per litre was now being sold for N600 per litre.

Reacting to the video, some Nigerians took to social media to share their thoughts.















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