September 24, 2023

  • Bitcoin(BTC)$24,383.00-1.66%
  • Ethereum(ETH)$1,657.83-2.53%
  • Tether(USDT)$1.000.18%
  • BNB(BNB)$310.23-1.26%
  • USD Coin(USDC)$1.000.10%
  • XRP(XRP)$0.39-0.81%
  • Binance USD(BUSD)$1.000.05%
  • Cardano(ADA)$0.39-2.73%
  • Dogecoin(DOGE)$0.09-2.67%
  • Polygon(MATIC)$1.38-6.66%

Diesel Hike: BRT on Skeletal Operations, may Increase Fare


CEM REPORT | The recent skeletal operation of the Bus Rapid Transit (BRT) on Ikorodu-TBS route is due to the sudden hike in the price of diesel.

Primero Transport Services Limited, operators of the Bus Rapid Transit (BRT) made this disclosure in a statement issued by the Managing Director of Primero, Fola Tinubu, on Saturday in Lagos and can be seen on the firm’s official Twitter handle.

According to the statement, Fola Tinubu pointed out that the skeletal operations would run for 3 days and full operations will hopefully resume by Tuesday, March 29.

[READ ALSO] Nigerian Total Debt Stands at N39.56Tr, DMO said it’s Okay

“Due to the recent spike in diesel prices across the country, Primero Transport Services, operator of Blue BRT from Ikorodu to TBS, use this medium to inform our commuters that there will be skeletal operations from March 26 to March 28.

“We will resume operations fully on Tuesday, March 29.

“We are currently running at a huge loss. The diesel price has gone up by over 200 per cent while there has not been an increase in fares or intervention from the government. We are struggling right now.”

“We call on our esteemed commuters to bear with us at this period. We sincerely apologise for any inconvenience this may have caused you.

” Our priority is to convey commuters safely to their destinations – providing affordable, fast, and convenient services to Lagos residents”; Tinubu said.

According to sources, the transport firm is currently running at a huge loss following the over 200% increase in the price of diesel without a corresponding increase in transport fares or assistance from the government.

Hints from sources close to the transport service is that there may be an increase in fares across route for the company to sustain operations if there is no cushioning assistance from the government.

Currently, commuters pay N350 from Oshodi-Abule Egba while N120 from Ikeja to Alausa. Berger to Iyana Ipaja costs N240, while Ogba to CMS, TBS, Obalende costs N400 just as Berger to Obalende also cost N400.

Share this

Leave a Comment

glo advert