Following President Bola Tinubu’s policy statement during his inaugural speech on Monday, on the removal of subsidy, most filling stations in Calabar have shut down while those selling have hiked the price from 210 to 750 naira per litre.
KOKO TV Â also observed that commuters who cannot afford to pay 300 naira per drop from the usual 100 naira trekked 2 to 3 kilometres to get to their offices.
When our reporter went around the metropolis on Tuesday morning, only mega stations were selling at 205/ 210 with very long queues but at about 11:30 a.m. they started selling 400 naira and eventually shut down.
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Meanwhile, those selling black market are smiling to the bank as they have hiked their prices to 750 and 800 per litre, and are selling only 10 litres per person.
For places like Calabar South, Muritala Mohammed Highway, Marian, Atimbo, and Etta Agbor, no filling station was open at the time of filling this report as the few who were selling just received instructions from their head office to also shut down operation.
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However, major junctions and bus stops are heavily packed with commuters waiting for the few available taxis.
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