Petrol hits N120 per litre in Ibadan

Scarcity of petrol in Ibadan, the Oyo State

capital, has forced an increase in the pump

price of the product. It is now selling at N120

per litre.

With most filling stations still closing their gates

to motorists for the fifth day, the few that sold

the product yesterday witnessed long queues of

motorists, who struggled to buy the product.

In most areas, the scarcity forced the price of

the product to between N110 and N120 per

litre. Yet, hapless motorists queued up to buy.

The few stations selling the product at the high

price were independent marketers.

But all BOVAS filling stations kept to the official

price of N65.50k though its supplies fell short of

demand by motorists.

An independent marketer, who craved

anonymity, said the scarcity was a mark of the

lingering problem in the oil sector.

He said the sector requires policy reform and

transparency.