Fuel Scarcity Continues As Black Market Sells N2,000/Litre

As fuel scarcity bites hard in some parts of the country, some black marketers are now selling a litre of petrol between N2,000 and N2,500 across the Sokoto metropolis.

Some residents called on the government to intervene to bring the situation under control so it doesn’t degenerate.

They said the situation has started affecting business activities and making life difficult for people as the black market price of N2,500 per litre is becoming scarce and this is bringing business and other activities to a standstill in the metropolis.

Fuel Scarcity Continues As Black Market Sells N2,000/Litre

Commuters in the state said most filling stations are locked under the guise that they lack product to dispense, while black marketers are selling a litre of petrol between N2,000 and N2,500 across the metropolis.

Meanwhile, recall that the Nigerian National Petroleum Company Limited (NNPC Ltd) has blamed the fuel queues that have resurfaced in Lagos, Abuja, and other states of the Federation on “logistics issues”.

The company, however, said the issues have been resolved.

“The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is as a result of logistics issues and that they have been resolved,” the company said in a statement on Thursday evening.

“It also wishes to reiterate that the prices of petroleum products are not changing.”

NNPCL called on Nigerians to “avoid panic buying as there is a sufficiency of products in the country”.