Filling stations in Osun state have been hoarding fuel due to rumours that the price may go up.
Investigation by our correspondent revealed that the hoarding of petroleum in the state was due to scarcity of fuel at the depot.
Almost all the filling stations in Osun state have closed their gates, sending motorists and motorcyclists back.
Though, those that are selling still sell the normal price of N87 while the price of Kerosene has been reduced to N100.
Rumours have been spreading that the price of petroleum may fall from the present N87 to N65 thus heightened the fear of the owners of the filling stations of buying fuel.
The rumour is becoming true as the price of Kerosene was varied in the state, while some of the stations are selling Kerosene at N100, others are selling at between N50 and N80.
Speaking with our correspondent, the manager of one of the stations who pleaded anonymity, said that fear of fall in price, has prevented them from selling the fuel.
When our correspondent visited Nipco Petrol Station in Osogbo, the coordinator who simply identified himself as Kolade, said “we are selling at a normal price.
“We noticed that many vehicles than before have been coming to our filling station for the past three or four days now.
“We are not aware of any intending changes in the price of petroleum, and that is why we are selling at normal price.”