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    Fuel scarcity bites harder as product sells for N2,500/litre

    Opalim LiftedBy Opalim LiftedApril 28, 2024No Comments2 Mins Read
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    NNPCL admits debt to fuel suppliers responsible for queues
    Fuel scarcity and queues
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    Nigerians continue to bemoan the immense hardship they endure as a result of the statewide fuel shortage, which has made conducting business and other activities extremely challenging.

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

    Some residents, speaking with a reporter, called on the government to intervene to bring the situation under control so as not to 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.

    Chronicle NG reported 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.”

    • NNPCL blames logistics for fuel queues

    However, NNPC Limited declared that the issues had 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.”

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    WHO DG, Tedros Adhanom Ghebreyesus providing coronavirus update Omicron Nigeria Covid mpox

    WHO urges Nigeria, other countries to adopt pandemic agreement

    May 19, 2025
    No fewer than 10 people have died, and 70 have been hospitalized after strong winds caused four tourist boats to capsize in southwestern China.

    Boat tragedy kills 37 in Kwara, gov calls for calm

    May 19, 2025
    Ajanaku Oluwatomilola jailed three years for N14.5m fraud

    Court jails Ajanaku Oluwatomilola for N14.5m fraud in Lagos

    May 19, 2025
    IPOB/Gunmen wreak havoc, hoist Biafra Flags in Anambra

    IPOB fighters kill soldier who attended strip club in Anambra

    May 19, 2025
    Lagos to enforce ban on single-use plastics from July 1

    Lagos to enforce ban on single-use plastics from July 1

    May 19, 2025
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