Petrol prices in Ondo state have been raised to N500 per liter by fuel dealers. This increase came about due to the adjustment in the pump price by NNPCL. The decision followed President Bola Tinubu’s announcement during his inauguration that petrol subsidies were abolished.
The scarcity of petrol led to long queues at the limited number of filling stations dispensing the product, causing residents to express dissatisfaction.
While some petrol stations had been selling the product for N500 since the President’s announcement, others who had been hoarding it started selling at the same price per liter after the NNPCL’s adjustment on Wednesday. Both independent and major marketers in the state were selling petrol at the rate of N500 per liter.
A commercial driver named Limidi Adeyemi, who was interviewed, mentioned that most filling stations selling petrol have increased their pump prices to N500. He added that this situation is no longer surprising in the state, as they have been buying petrol at this rate since the President’s untimely announcement.
Meanwhile, transportation fares for commercial drivers operating both within and between states have risen by 100 to 200 percent, depending on the routes. As a result of these fare hikes, civil servants and students have resorted to walking to their offices and schools.