{"id":92436,"date":"2023-07-19T07:40:06","date_gmt":"2023-07-19T06:40:06","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/osun-residents-lament-as-fuel-marketers-adjust-fuel-pump-price"},"modified":"2023-07-19T09:59:20","modified_gmt":"2023-07-19T08:59:20","slug":"osun-residents-lament-as-fuel-marketers-adjust-fuel-pump-price","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/osun-residents-lament-as-fuel-marketers-adjust-fuel-pump-price","title":{"rendered":"Osun residents lament as fuel marketers adjust fuel pump price"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Commercial transporters and private car owners in Osogbo have lamented the sudden increase of pump price of Premium Motor Spirit, PMS, on Tuesday.<\/p>\n

The Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL Mele Kyari had, on Tuesday announced the adjustment of PMS pump price to N617 per litre.<\/p>\n

Before May 29, the pump price of PMS was about N195 per litre.<\/p>\n

Speaking with DAILY POST, an Osun resident, Kareem Mohammed lamented that he was just recovering from the upward adjustment to over N500 per litre and within two months, he has to adjust to another upward adjustment.<\/p>\n

\u201cIt is common in Nigeria that whatever goes up never comes down. Who do we blame for this and where do we go to for help?\u201d He lamented.<\/p>\n

Jamiu Mohammed, a commercial motorcyclist said he will have no choice but to adjust the fare he collects from passengers.<\/p>\n

\u201cThe good thing is that most passengers don\u2019t complain since they know how much petrol costs now.<\/p>\n

\u201cI just pray this increase doesn\u2019t send most of us out of this business,\u201d he said.<\/p>\n

Segun Adekile, a Keke operator in Ori-Oke Pure Water area, a suburb of Osogbo said he looked forward to what lies ahead.<\/p>\n

He explained that his idea of fuel subsidy removal was that after a while, the high fuel cost would start to reduce until it gets to a balance point.<\/p>\n

He said, \u201cI am not against fuel subsidy suspension but as it is, certainly I am not happy. I have a business to run and I also have a family to feed.<\/p>\n

\u201cI thought after the initial hardship, things will come back to normal but this is almost two months after, there is no hope yet in sight that we will get out of this hardship soon.\u201d<\/p>\n

Some civil servants whose opinions were sought blamed the upward increase on the pull of demand and supply and market forces.<\/p>\n

He said employers of labour should consider reviewing the salaries and wages of their workers.<\/p>\n

Samuel Kolade said, \u201cthe President should announce an increase in the minimum wage.<\/p>\n

\u201cThis is the palliative we need and not N8,000 to poor households as it is being planned.\u201d<\/p>\n

Most petrol stations in town have adjusted their pumps and were dispensing PMS at the new pump price of N617 per litre.<\/p>\n

Also, there was no panic buying observed and no queues in the petrol stations.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Commercial transporters and private car owners in Osogbo have lamented the sudden increase of pump price of Premium Motor Spirit, PMS, on Tuesday. The Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL Mele Kyari had, on Tuesday announced the adjustment of PMS pump price to N617 per litre. Before […]<\/p>\n","protected":false},"author":84,"featured_media":92434,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,772,254,516,9634],"class_list":["post-92436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-fuel","tag-nigeria","tag-osun","tag-pump-price"],"yoast_head":"\nOsun residents lament as fuel marketers adjust fuel pump price - Nigeria<\/title>\n<meta name=\"description\" content=\"Commercial transporters and private car owners in Osogbo have lamented the sudden increase of pump price of Premium Moto ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/osun-residents-lament-as-fuel-marketers-adjust-fuel-pump-price\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Osun residents lament as fuel marketers adjust fuel pump price\" \/>\n<meta property=\"og:description\" content=\"Commercial transporters and private car owners in Osogbo have lamented the sudden increase of pump price of Premium Moto ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/osun-residents-lament-as-fuel-marketers-adjust-fuel-pump-price\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-19T06:40:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-19T08:59:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/07\/sm_1689740852.713791.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/osun-residents-lament-as-fuel-marketers-adjust-fuel-pump-price#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/osun-residents-lament-as-fuel-marketers-adjust-fuel-pump-price\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Osun residents lament as fuel marketers adjust fuel pump price\",\"datePublished\":\"2023-07-19T06:40:06+00:00\",\"dateModified\":\"2023-07-19T08:59:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/osun-residents-lament-as-fuel-marketers-adjust-fuel-pump-price\"},\"wordCount\":424,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/osun-residents-lament-as-fuel-marketers-adjust-fuel-pump-price#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/07\/sm_1689740852.713791.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"fuel\",\"Nigeria\",\"Osun\",\"pump price\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/osun-residents-lament-as-fuel-marketers-adjust-fuel-pump-price#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/osun-residents-lament-as-fuel-marketers-adjust-fuel-pump-price\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/osun-residents-lament-as-fuel-marketers-adjust-fuel-pump-price\",\"name\":\"Osun residents lament as fuel marketers adjust fuel pump price - 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