Economy

Scarcity: Nsukka beats the gun, sells Petrol N220 per litre

Scarcity: Nsukka beats the gun, sells Petrol N220 per litre
Written by Maritime First

The fear of a more costly petrol regime has been overtaken in the east, as Nsukka now sells Premium Motor Spirit, otherwise called petrol, for between N200 and N220 per litre at the independent marketers’ service stations.

The hike in the price against the official pump price of N162 per litre started about a fortnight ago due to the scarcity of the commodity in the town and its environs.

Some residents of the town expressed deep worry over the development in separate interviews with newsmen on Wednesday.

A civil servant, Mr Stephen Ozioko, said the situation had further compounded the economic difficulties in the area.
Ozioko said that many private car owners had been compelled to park their vehicles at home and move around in public transport.

“Since the scarcity started, I decided to park my car and take public transport to office and back home.
“N220 per liter is exhorbitant and I cannot afford it, considering my salary as a civil servant.

“I shall continue to use public transport until the situation returns to normal,” he said.

A building material dealer, Mr Timothy Ngwu, said the development had also led to an increase in transport fare in the area.

“Some people now trek from Nsukka Old Park to Odenigbo Round About because of the 100 per cent hike in fares from N50 to N100 by tricycle.

“Before now, transport fare from Nsukka to Enugu was N500 but transporters now charge between N800 and N1000.

Also, a commuter-bus driver, Mr Victor Ogbonna, described the scarcity and hike in price of petrol as “unfortunate and an ugly development”.

Also read: Inflation drops by 0.37% for second consecutive month- NBS

“Today, only a few filling stations are selling the commodity in Nsukka town, while others are shut,” Ogbonna said.

He alleged that some filling stations, which claimed to be out-of-stock, were selling to black marketers at night.

“This is why black marketers have sprung up everywhere in the town, selling the commodity for about N300 per litre.

Virtually all the major marketers in the area have stopped the sell of petrol, claiming to be out-of-stock.

The people called on the government to urgently intervene in order to bring the situation under control and also put an end to its harsh economic effects on the messes.

 

 

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Maritime First