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HomeTop NewsFuel scarcity hits Lagos hard; the black market price ranges from N1,000...

Fuel scarcity hits Lagos hard; the black market price ranges from N1,000 to 1,200 per litre 

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Despite the National Association of Road Transport Owners (NARTO) calling off its strike, Lagos State witnessed prolonged queues at numerous filling stations, amplifying concerns among Nigerians about potential premium motor spirit (PMS) shortages.

The anxiety-induced queues, which emerged on Tuesday, resulted from fears related to the recently suspended NARTO strike.

Nigerians engaged in panic buying on Tuesday and Wednesday, exacerbated by tanker drivers’ refusal to lift fuel, impacting both major and independent filling stations.

The Alausa axis of Lagos, including Mobil, Total, and Conoil, witnessed extensive queues, contributing to significant traffic gridlock. Stations such as NNPC in Ogunnusi, Ojodu-Berger, and Ikorodu Road, along with Bovas, experienced the same situation.

Fuel scarcity extended to areas like Isolo, where the NPOG filling station reported a three-day fuel shortage. NNPC and Mobil stations at the College Bus stop were also out of fuel, as was the Quest fuel station along Asuani Road, with the exception of one station selling at N640 per litre.

READ ALSO: Oil prices rise for second consecutive day, buoy by expectations of rising US crude demand

The scarcity persisted along Gbagada Road, with the NorthWest station selling at N610 per litre, while Eternal at Gbagada Bustop remained non-operational. NNPCL’s fuel station in Ikotun and God’s Decision along Governor Road, Ikotun, faced fuel shortages, causing queues and leaving many stranded.

Vice National President of the Independent Petroleum Marketers, Hammed Fashola, attributed the queues to the two-day strike by tanker drivers, assuring that the situation would normalise by Monday.

Lagosians took to social media platforms, expressing frustration over the fuel scarcity, with some resorting to the black market, where fuel was reportedly sold for inflated prices.

The crisis left commuters stranded and raised concerns about the country’s reliance on crude oil.

As Nigerians grapple with the impact of fuel scarcity, the incident highlights the need for a comprehensive solution to address the underlying challenges in the nation’s fuel distribution system.

(Edited by Oludare Mayowa; omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138)

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