The price of Premium Motor Spirit, PMS, otherwise known as petroleum has jerked up to N560 per litre in Kano state as at today (Wednesday) morning, checks by BizPoint have shown.
BizPoint reports that the development followed the pronouncement by President Bola Ahmed Tinubu during his inaugural speech to end petroleum subsidy regime in the country.
This newspaper reports that Tinubu’s statement had sparked fuel crisis nationwide, even as Nigerians are yet to convalesce from the recent scarcity that hit the country.
It was observed that while the product was sold at official pump price at many filling stations across the Kano city yesterday, the price suddenly skyrocketed on Wednesday.
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Like other states in the country, long queues had resurfaced at filling stations in the Kano metropolis, especially at major marketers’ outlets, while others had been shutdown.
Our correspondent, who conducted a survey at some filling stations in the metropolis, observed that petroleum was being sold at up to N560 a litre at both major and independent markets’outlets.
It was observed that other filling stations were selling it at N450, N400, N380 and least, N350 across the commercial city.
At AYM Shafa, it was observed that the product was being sold at N560 at all his filling stations across the city.
At Alhaji Alasan Oil, located along Gaida road in Kumbotso Local Government area of the state, petroleum was being sold at N450,
At A.Y. Maikifi, it was observed that all his branches sells the product at N400 per litre, after inflating the price that was N220 just yesterday morning.
Platinum Oil Services, it was sold at N380 all with less queues because the product was sold above official pump price.
At B.A Bello, along Western Bypass area, the product was cheaper as it was sold at N350.
BizPoint understands that the situation has raised concern among the residents of the state as transport fares and prices of commodities have increased as a result.
A motorist at the B.A. Haruna Ishaq, expressed concern over what he described as negative start for Tinubu’s government.
According to him, he bought a litre of petroleum at N210 on Tuesday but to his surprised, when he came to buy again, he found that it was N450 at one filling station on Wednesday.
“That is why I left that filling station and came here to buy because it is cheaper.
“We are surprised on the sudden change of the situation. We are yet to recover from the recent scarcity but a change of government has brought us another suffering.
“We are calling on the federal government to quickly intervene to address the situation to avoid plunging this country into another hardship,” Ishaq said.
A’isha Aliyu, a resident and mother, said commercial tricycle operators have increased their fare.
According to her, she was spending N400 on transportation to pick her children from school, but she had to spend N550 yesterday.
She lamented that anytime there is fuel scarcity, common Nigerians are the ones bearing the brunt.
When contacted for comment, Chairman of Kano Zone of Independent Petroleum Marketers Association of Nigeria, IPMAN, Alhaji Bashir Dan-Mallam said they are going to hold an emergency meeting over the development and would revert to us later.
