The Nigeria Railway Corporation has reduced the number of trips on the Lagos-Ibadan Train Service by about 66.67 per cent due to the hike in diesel price.
The Managing Director, NRC, Fidet Okhiria told Punch correspondent that though the service was still running, its trips had been reduced due to the persistent hike in diesel price.
Recall that diesel price has risen by over 300 per cent in a few months, forcing transporters of petrol, who power their trucks with diesel, to threaten strike before the prompt intervention of the Federal Government.
While speaking on the development, Okhiria 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.”
Fielding questions on whether NRC would raise its transport fare as a result of the increase in diesel price, the corporation’s boss stated that it was outside the powers of the corporation to hike fares, adding that the decision would be determined by the government.
Okhiria said, “We just can’t increase it by ourselves. The government has to do that. We have made some recommendations. But even the recommendations we made, the new price of diesel has overshot our workings as contained in the recommendations.
“However, we don’t want to price ourselves out of 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 roads.”
Asked the number of trips currently being done on the route, the NRC boss replied, “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.”