Energy

Commercial bus operators hike fares as fuel scarcity lingers in Lagos

Commercial bus operators on Tuesday hiked their fares on various routes in Lagos State due to the lingering scarcity of Premium Motor Spirit (PMS), also known as petrol in the state.

A News Agency of Nigeria correspondent who monitored the situation reported that the fares were increased by between N100 to N150, depending on the route.

It was observed that buses were carrying passengers from Iyana-Ipaja to Oshodi for N400 against the normal N300 while bus fares from Iyana-Ipaja to Ikeja increased from N200 to N300.

Similarly, commuters going from Berger to Ojuelegba were charged N400 instead of the usual N300 while passengers from Berger to CMS had to pay N800 instead of N600.

Also, the bus fare from Ketu to Constain went up from N300 to N400, leaving many passengers frustrated and stranded especially with the few available buses on the road.

A teacher, Mr Thomas Ayeni, told NAN that the increment had doubled his daily transportation expenses.

Ayeni said: ”I am spending double the amount I normally spent on transport and it is not easy with the way the economy is going.

“I am appealing to the government to intervene quickly to ensure that there is fuel everywhere to reduce this suffering.

Also, a trader, Uche Ikeagwu said he normally paid N600 from Iyana-Ipaja to Idumota but that the fare had increased to N800.

He said,” We are three at the shop and this means I have to pay N2,400 for us to get to the shop. I don’t know how we can continue to do business like this.”

However, Mr Akeem Balogun, Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN) Lagos Satellite Depot, Ejigbo, advised marketers against exploiting customers due to the scarcity.

Balogun said: “Most of them are stocked out and they are going to look for the product now. What we told them is to sell as reasonably as possible. They should not exploit the public.

“We have explained our predicament with the current price of PMS at private depots. We explained that with the current price, there is no way we can sell less than N180 per litre.

“That is why some of our members have shut down their stations because it is not sustainable for them to continue to sell petrol at N165 per litre.”

Felix Oloyede

Felix Oloyede is a Mass Communication graduate with 19 years experience in journalism. He has worked with TheWeek Magazine; Mirror Newspapers; West Africa BusinessNews and BusinessHallmark Newspaper. Oloyede has covered different news beats ranging from crime; arts; politics; commerce and industries to finance and economy. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School.

Recent Posts

US authorities slam Air Peace boss, Onyema, with fresh fraud charges

The Chief Executive Officer of Air Peace, Allen Onyema, has been hit with new charges…

2 years ago

Report: NUPRC has not approved $1.3bn Shell Renaissance deal

  Contrary to reports in a section of the media that the Nigerian Upstream Petroleum…

2 years ago

There’s a plan to derail Tinubu’s petroleum industry revolution

Tajudeen Suleiman It was a pleasant shock for me to read the National Bureau of…

2 years ago

NNPCL’s acquisition of OVH: Reps member, Miriam Onuoha, slams Atiku, says oil and gas sector should not be politicised

  A member of the House of Representatives, representing Isiala Mbano / Onuimo / Okigwe…

2 years ago

Fidelity Bank affirms commitment to data protection, strong corporate governance

  Leading financial institution in Nigeria, Fidelity Bank Plc, has assured its customers of unwavering…

2 years ago

NGX rates Fidelity Bank highest on corporate governance

  Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial…

2 years ago

This website uses cookies.