Premium Motor Spirit, PMS hits 1500 per litre in parts of Oyo

The Premium Motor Spirit, PMS, popularly known as petrol has reportedly sell for N1,500 per litre in some parts of Oyo town on Wednesday as more filling stations opened to attend to customers.

Kayode Oguntona of Radio Nigeria who monitored the situation in the ancient city reported that queues of vehicles and motorcycles were longer at the few stations selling for N1000 per litre.

Motorists who suspected hoarding of the product called on government to raise a special task force that would restore sanity to the activities of erring dealers.

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They urged government not to hesitate to seal any filling station found hoarding the product, saying it would serve as deterrent to others wanting to engage in the wicked act.

Meanwhile, The Premium Motor Spirit, PMS price increase have resorted many commuters trekking to long distances as a result of hike in transport fare and few commercial motorcyclists playing the road.

National Daily Newspaper correspondent yesterday reported that the situation in Ibadan, Oyo State capital is unfavorable as potential fuel buyers in hundreds jostle to get fuel in major part of the capital city.