Diesel cost: NRC reduces Lagos-Ibadan trips from six to two

The Nigerian Railway Corporation has reduced the number of trips on the Lagos-Ibadan train service to two due to the hike in the price of diesel.

Managing Director of the corporation, Fidet Okhiria, told The Punch that the NRC had cut the number of return trips on the route from six to two every day.

He said, “The Lagos-Ibadan train service is running, but we have reduced the number of trips on that route because of the diesel problem. We reduced the number of trips we are running because of the hike in diesel price.

“We are now doing two return trips as against six, which by now should have gone to 10. So, we run just two trips now due to the diesel problem.”

Despite the rising cost of operations, the NRC boss said it was outside the corporation’s powers to hike fares.

He said the corporation had sent recommendations to the Federal Ministry of Transportation for an adjustment in the train fare.

“We just can’t increase it by ourselves. The government has to do that. We have made some recommendations. But even with the recommendations we made, the new price of diesel has overshot our workings contained in the recommendations,” Okhiria said.

“However, we don’t want to price ourselves out of the market too, because the price of petrol is not increasing as such, rather the increase is little when compared to diesel price. And you know we are competing with transporters on road.”

In the last five months, the price of diesel has hit N800 per litre, representing a 28 per cent increase — it sold for 625/litre in March.