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Petrol Price Increases Amidst Scarcity in the Country

Petrol Price Increases Amidst Scarcity in the Country

Nigerians are now coughing out more money for petrol despite the legal price still at a fixed price ranging from a hundred and sixty-two naira, fifty kobo (N162.50) to a hundred and sixty-five naira (N165) per liter.

Sole marketers, who began the implementation of the latest cost regime of between a hundred and seventy naira to a hundred and ninety this past weekend claimed that it would be hard for them as solitary men to market petrol at the slated legal price. Nonetheless, scarcity of the commodity began anew in Akure, Abeokuta, Jos, Lagos, and several other towns in the Southwest of the country.

The crises in Abuja skyrocketed this weekend with extremely long queues at the filling stations. Lagos was not left out from the crisis as several filling stations were closed yesterday, while the few ones open were recorded to have depressing long queues. Heavy traffic also occurred in the state at various locations as a result. An unidentified source from MOMAN (Major Oil Marketers Association of Nigeria) has blamed the petrol scarcity on a missing link in the supply chain. In Ado Ekiti, Ekiti State, unending queues were seen at the petrol stations, leaving motorists and travelers in anguish at the discomfort it brought on. 

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Car owners, Keke Napep operators, and motorcyclists in Jos, Plateau State have also experienced their fair share of the hardship as they purchased petrol at a hundred and ninety naira (N190) and a two hundred naira (N200) respectively, at the few filling stations that opened for commerce.

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