Subsidy: Petrol price soars in Calabar

The price of Premium Motor Spirit (PMS) has soared in Calabar and Cross River since the pronouncement by President Bola Tinubu to end the subsidy regime.

Supreme reports that the product is being dispensed at between N400 and N600 per liter, depending on the filling station.

Supreme reports that it is only at the NNPC mega station that PMS is sold at N194 per liter.

Supreme also reports that even with the increment, many filling stations are not dispensing the product, while the few that are have long queues.

Places like Calabar South, Murtala Mohammed Highway, Marian, Atimbo and Etta Agbor, had no fuel station opened as at the time of the report.

Asked why they were not dispensing, a manager at one of the filling stations visited, who pleaded anonymity, said that he was waiting for a directive from his head office.

The resultant effect of the price hike and long queue has affected transportation in the capital city, as commuters are seen at bus stops waiting endlessly for fewer vehicles on the road.