Nigerians groan as petrol marketers adjust pump price to N300 as FG Set N185

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Car owners, motorists and commercial cab operators in Ibadan, the Oyo State capital, have continued to groan as the scarcity of Premium Motor Spirit (PMS), also known as petrol, bites harder.

Ibadan and other towns and cities across the country have been experiencing a shortage of the commodity for the past few weeks.

Our correspondent gathered that the situation worsened at the weekend when some of the petrol stations selling the product shut their gates against prospective buyers, with independent marketers adjusting their prices to N300.

This is against the previous pump price of between N195 and N270.

It was observed that some of the few stations that belonged to major marketers have also adjusted their pump price to N190 against the previous pump price of N180.