Revert to old pump price, Kano govt orders petroleum marketers

Alade Abayomi ADeleke
Alade Abayomi ADeleke
Abba Yusuf

The Governor of Kano State, Abba Yusuf, has ordered marketers in the state to revert to the old price of fuel, to lessen the sufferings residents are currently passing through.

 

This was made known by the Chief Press Secretary to the Governor, Sanusi Bature, in a statement issued on Friday, according to Channels TV.

 

Bature said the governor made this appeal while sympathising with the people of the state on the needless hardship imposed on them due to the price hike following the fuel subsidy removal by the President, Bola Ahmed Tinubu.

 

Yusuf noted that since “the marketers have old stock, they should be considerate in selling at the former price”.

 

Expressing displeasure at the situation, he appealed to Kano residents to remain calm, assuring that his administration is committed to ensuring that Kano as a commercial hub is favourable for people doing business.

 

Recall that, Tinubu, during his inaugural speech on Monday, stated that “subsidy is gone”, as the 2023 Budget made no further provision for fuel subsidy beyond June and more so, subsidy payment is no longer justifiable.

 

Upon the President’s pronouncement, there was an immediate impact across the country as oil marketers increased the prices of petroleum products by more than 100 per cent.

 

The hike in fuel prices became official on Wednesday when the Nigerian National Petrol Company Limited confirmed it, through its spokesman, Garba Deen Muhammad.

 

In a statement on Wednesday, Muhammad said the price of the essential commodity has been adjusted by its retail outlets nationwide, although, he did not mention a specific amount.

 

He, however, said the price per litre of petrol will continue to fluctuate to reflect market dynamics.

 

Petrol, which was officially sold at N185/litre is now sold from N488/litre to as high as N600/litre in some states.


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