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The cost of Premium Motor Spirit (fuel) has hit 1,700 naira per litre in Calabar, the Cross River State capital.
This follows the industrial action declared by the National Union of Petroleum and Natural Gas Workers (NUPENG).
The price rose astronomically within the metropolis as virtually all dispensing stations were under lock and key as a result of the strike.
This has caused a very sudden rise in the number of black marketers of the product who are seen in most streets along the metropolis selling the product to helpless car owners.
As of Tuesday afternoon, only black marketers were selling the product and there are fears the cost may hit 2000 naira per litre within the week if there is no speedy resolution to the dispute.
As a result of the increase, transporters within the city have increased their fares and in some cases doubled fares, an action which has aggravated the pains of commuters.
Checks by our correspondent revealed that fuel stations along popular areas including Efio-Ete Junction, Ekpo Abasi, Marian/Ndidem Usang Iso, MCC, Parliamentary, Yellow Duke and Murtala Muhammed Highway were locked.
Some routes like the Efio-Ete Junction to MCC Mobil, which was N100, is now N200 while commuters are made to pay up to 700 naira from Ekpo Abasi to Efio-Ete Junction.
Efforts to reach the Cross River State Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN) Robert Obi have proved abortive as several calls and messages have neither been answered nor replied.
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