Lagos Filing Stations to Operate From 9 AM to 4 PM as FG Increases Petrol Price

Lagos Filing Stations to Operate From 9 AM to 4 PM as FG Increases Petrol Price

  • Lagos State government has told filling stations in the state to reduce their hours of operation
  • The state commissioner for Transport, Frederick Oladeinde, stated this and explained that the move is to end traffic gridlock along some routes in the state
  • He said erring stations will be sanctioned and directed relevant agencies to monitor the situation

The Lagos State government has directed filing stations operating along major roads in the state to curtail their services to reduce traffic gridlock along the roads.

The move comes as fuel scarcity has persisted in the state, leading to the forming of long queues of vehicles along the road by the filling stations, despite claims of improved distribution of petroleum products by the Nigerian National Petroleum Corporation (NNPC).

Lagos State, NNPC, Federal Government
Lagos State governor, Babajide Sanwo-Olu and NNPC CEO, Mele Kyari Credit: Anadolu Agency / Contributor
Source: Getty Images

Security operatives to monitor the situation

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The statement was disclosed by the Lagos state commissioner for transport, Frederic Oladeinde who said the move serves to check the indiscriminate activities of motorists forming long queues in search of petrol.

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The commissioner stated that major and independent petroleum marketers with filling stations sited along major highways and areas prone to traffic, will not be allowed to operate beyond 4 pm and open will not open earlier than 9 am until the situation improves.

According to Oladeinde, the Lagos State Traffic Management Authority (LASTMA), Vehicle Inspection Service (VIS), Transport Operations Compliance Unit (TOKU) and other law enforcement operatives have been asked to ensure the free flow of traffic in the state.

Reports say Oladeinde urged major and independent marketers operating across Lagos to comply with the directive to avoid sanctions.

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Federal government increases the price of fuel

The move comes as the Federal Government on Thursday, January 19, 2023, Increased the price of petrol from N170 to N187 per litre.

A new notice to marketers has ordered them to begin the implementation of the new price with immediate effect.

Findings reveal that a few petrol stations owned by the Major Marketers Association of Nigeria have effected the changes on their pumps to reflect the new price.

The directive has heightened anxiety among motorists and commuters who queue for hours in search of petrol.

Vanguard reports that a memo sent by the government to all marketers including the Major Oil Marketers Association of Nigeria and the Independent Petroleum Marketers Association (IPMAN) asked them not to disregard the directive.

FG orders NNPC to reduce petrol price amid persistent scarcity, says company running at a loss

Legit.ng reported that the Minister of State for Petroleum Resources, Timipre Sylva has said that the Nigerian National Petroleum Company Limited (NNPC) is selling petrol at a loss because of the directives from the Federal Government of Nigeria regarding subsidy on the product.

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Sylva disclosed this on Monday, January 9, 2023, in Abuja, after marketers said that the supply glitch experienced in the sector, which usually leads to scarcity, may persist as government plans to end subsidy in June.

Sylva was speaking at the resumption of the scorecard series (2015-2023) of President Muhammadu Buhari.

Source: Legit.ng

Authors:
Pascal Oparada avatar

Pascal Oparada (Business editor) For over a decade, Pascal Oparada has reported on tech, energy, stocks, investment, and the economy. He has worked in many media organizations such as Daily Independent, TheNiche newspaper, and the Nigerian Xpress. He is a 2018 PwC Media Excellence Award winner. Email:pascal.oparada@corp.legit.ng