The Nigerian National Petroleum Company Limited (NNPCL) has increased the price of Premium Motor Spirit to N500 per litre in Osun.
ADULAWO NEWS recalls that President Tinubu had during his inauguration said: “On fuel subsidy, the budget I met before I assumed office and what I heard is that there is no provision for subsidy. Fuel subsidy is gone.”
ADULAWO NEWS reports that immediately after the President’s speech on Monday, petroleum marketers in the state allegedly discussed the issue on their platforms and commenced product hoarding for several hours.
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The NNPCL hailed the pronouncement of President Tinubu on the removal of fuel subsidy, saying it is a welcome development. The company also urged Nigerians not to resort to panic buying.
However, our correspondent, who visited NNPC Mega Station in Osogbo at LAMECO area today, observed that the station is selling N500 at per litre.
Speaking to our correspondents, one of the attendants who does not want his name to be mentioned confirmed the price, noting that he can not say anything beyond that.
Meanwhile, Okada riders were seen stranded at various major fuel stations in the state.
One of the Okada riders , wearing a long face, who spoke with ADULAWO NEWS reporter at NNPCL station lamented, “Why would Tinubu start on this note to punish the already depressed, impoverished Nigerians after all the pains inflicted by the out-gone administration of President Muhammadu Buhari.
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“This is absolutely unfair to Nigerians. When I heard that Tinubu had directed the removal of oil subsidy, I had to rush down here to fill my tank and some jerry cans for my power generating set.”