Long queues have suddenly, sprung up in some fuel stations in Lagos State on Monday, with motorists in panic buying across the state.
The development followed announcement by the newly inaugurated President Bola Tinubu, in his inaugural address, to remove the controversial oil subsidy.
Some of the fuel stations seized the opportunity to jerk up the price from N184 per litre to as high as N250 per litre.
Other fuel stations which earlier were seen opening for business, later shut their gates, apparently, hoarding the product.
A trip from Egbeda to Ikotun which formerly was N200 was jerked up to N300. Also a trip from Egbeda to Ikeja, formerly between N250 and N300 cost N400. Some commuters refused to board it because of the exhorbitant prices.
“This is absolutely unfair to Nigerians. When I heard that Tinubu has directed removal of oil subsidy, I had to rush down here to fill my tank and some jerry cans for my power generating set.”
Also Mr.John Akinloye, a motorist along Agege area, said, “I was not surprised to see queues at the fuel stations after the announcement. I just pray this sad and unfortunate development will not last so as not to put suffering masses in another round of economic and mental torture.