Subsidy: PMS price soars in Calabar

The price of Premium Motor Spirit (PMS) has soared in Calabar, Cross River, since the pronouncement by President Bola Tinubu to end the subsidy regime.

Our correspondent reports that the product is being dispensed at between N400 and N600 per litre, depending on the filling station.

Our correspondent reports that it is only at the NNPC mega station that PMS is sold at N194 per litre.

It was also reported that even with the increment, many filling stations are not dispensing the product while the few that are dispensing had long queues.

Places like Calabar South, Murtala Mohammed Highway, Marian, Atimbo and Etta Agbor, had no fuel station opened as at the time of the report.

Asked why they were not dispensing, a manager at one of the filling stations visited, who pleaded anonymity, said that he was waiting for directive from his head office.

The resultant effect of the price hike and long queue has affected transportation in the capital city as commuters are seen at bus stops waiting endlessly for fewer vehicles on the road.