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Outrage Price Looms as Petrol Sells for N700 Per Litre in Anambra

Commuters and motorists in Anambra have been expressing anger since Tuesday, July 18, when they were hit by the sudden hike in the pump price of Premium Motor Spirit, otherwise known as petrol, from N530 to N700....Continue The Full Reading.

Some motorists and other users of the product are said to have besieged various petrol stations in the state and were involved in panic buying in anticipation that the price might increase to N800 from Wednesday, July 19.

Consequently, transportation fares skyrocketed even above 30% as commuters paid N300 for a journey that they paid N200.

Those who were taken by surprise became stranded, while others who could not afford the new price template were seen trekking to their various destinations complaining angrily.

Sources in the state have disclosed that filling stations operating along the Upper Iweka along the Onitsha-Owerri Road in Onitsha were selling at N700 per litre on Tuesday.

But NNPCL stations on Awka-Enugu Road and other marketers were seen selling the product between N620 to N650 per litre while it was N690 at some filling stations in Nnewi.

On their part, some independent sales outlets closed for business on Tuesday anticipating to sell the product at a higher price from Wednesday.

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