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Home Featured

Commuters, Motorists Lament As Petrol Sells N600/Litre In Abuja

by ReportersAtLarge
February 16, 2022
in Featured, News
Reading Time: 1 min read
0
fuel scarcity in Nigeria - petrol scarcity

Fuel queue in Abuja

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Commuters and motorists are lamenting as the scarcity of petrol bites harder across the country, Daily Trust reports.

Findings reveal that a litre is sold for as high as N600 at the parallel or ‘black’ market in Abuja instead of between N162 and N165.

In Kano, Lagos and Port Harcourt, it costs between N250 and N400 even as many passengers were stranded as commercial transporters increased fares by up to 150 per cent.

Daily Trust recalls that queues at filling stations got worse since last week when the news of adulterated fuel spread across the nation.

It was learnt that about 100 million litres of adulterated Premium Motor Spirit (PMS) was reportedly supplied to Nigeria, a development that prompted President Muhammadu Buhari to order for a probe.

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The Chief Executive Officer/Group Managing Director of NNPC Ltd, Mallam Mele Kyari, had confirmed last week that NNPC could restore sanity in the supply and distribution chain but this has remained elusive.

Meanwhile, REPORTERS AT LARGE had earlier reported the Statistician-General of the Federation, Dr Simon Harry, as saying on Tuesday that the fuel crisis in the country could affect the inflation figure of February if not tamed.

Dr Harry, at a press briefing, noted that the scarcity would create an artificial shock in the economy that would see an increase in costs of goods and services.

Tags: AbujaBREAKING NEWSFuel Scarcity in NigeriaNigeria news
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Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

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