Fuel scarcity being experienced in some parts of the country had resulted in a sharp increase in pump price of the product in Iseyin Council Area of Oyo, from the official price of N87 per liter, to N250.

A survey by the News Agency of Nigeria on Saturday indicated that while most of the filling stations in the town were closed due to non-availability of the product, few that had it sold from N240 to N250 per litre.

Some motorists, who spoke with NAN in separate interviews, described the development as “unfortunate”, saying government should find a lasting solution to the problem.

One of them, Olorunwa Emmanuel, said he spent over four hours at a filing station to buy the product at exorbitant price.

“I woke up as early as possible and got to Temitope filing station at about 6.00am, only to buy fuel four hours later at N240 per litre.

“The situation is worrisome and highly frustrating, I hope the incoming government will find a lasting solution,” he said.

Another vehicle owner, Saburi Ikotun, said he hoped that the marketers would start importing the product since the Federal Government had announced that it had settled their entitlements.

“There must be an end to this recurring problem of fuel scarcity. It is unfortunate that an oil producing country like Nigeria is battling with this problem,” he said.

Other motorists who spoke to NAN also expressed dismay over the development.

NAN also reports that as of Saturday, only three petrol stations were selling the product in the town.

Efforts to speak with petrol station attendants or Station Managers did not yield result as they all declined comment on the matter, saying they had to be granted permission before speaking to newsmen.

http://www.punchng.com/news/scarcity-petrol-sells-for-n250-per-litre-in-oyo/