The hike in diesel price has forced the Nigeria Railway Corporation to reduce the number of trips on the Lagos-Ibadan Train Service by about 66.67 per cent, it was gathered on Tuesday.
It was also learnt that the corporation had sent recommendations to the Federal Ministry of Transportation for an adjustment in the transport fare on the train service.
The Managing Director, NRC, Fidet Okhiria, told our correspondent that though the service was still running, its trips had been reduced due to the persistent hike in diesel price.
Diesel prices have 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.
The spike in diesel price also warranted some level of petrol scarcity in Abuja and neighbouring states, as many truck owners could not afford the high cost, a development that made the Federal Government to raise the bridging claims being paid to petrol transporters.
Speaking on the impact of the high cost of diesel in the rail sector, Okhiria told our correspondent that the NRC had to cut down its trips, particularly on the Lagos-Ibadan route.