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HomeTop NewsPetrol now sells at N200-N300 in Lagos, Abuja as scarcity persists, queues...

Petrol now sells at N200-N300 in Lagos, Abuja as scarcity persists, queues grow

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Fuel queues persisted across the country over the weekend with some filling stations in Lagos, Abuja, Niger and other states dispensing petrol at above the regulated price of 165 per litre.

In these states, many filling stations are selling between N200 a litre to N250 per litre due to the scarcity of the product across the country.

Marketers across the nation have attributed the fuel shortage being experienced in the major parts of the country to the insufficient supply of the products by the Nigerian National Petroleum Company Limited (NNPCL).

Currently, NNPC is the sole importer of petrol into Nigeria for several years running. It often claims to have enough products to keep the country wet for months. It, however, stayed mute on Sunday when contacted.

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Some filling stations in Lagos sold petrol to motorists at N200 per litre and still had queues, as black marketers dispensed the product at N300 a litre.

The queues for petrol in Abuja have persisted since February this year, but it grew worse in neighbouring states of Nasarawa and Niger on Sunday as motorists search for PMS to enable them to move around during the Sallah break.

Oil marketers denied claims of product hoarding or diversion, as they stressed that the insufficient supply of PMS by NNPC and the non-payment of bridging claims for the transportation of petrol were the key reasons for the scarcity.

The NNPC spokesperson, Garba-Deen Mohammad has declined speak out on the causes of the present fuel queues across the country.

Further checks show that some filling stations in Lagos and Ogun states sold fuel at N200 per litre.

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