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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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    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    July 5, 2025
    Nine-man PSG stun Bayern to reach Club World Cup semis

    Nine-man PSG stun Bayern to reach Club World Cup semis

    July 5, 2025
    NLC threatens to shut down Abuja after July 3 over unpaid wages

    NLC vows protest if NASS attempts to decentralise minimum wage

    July 5, 2025
    Kwankwaso slams defectors leaving NNPP for APC

    2027: Kwankwaso will not contest against Tinubu on our platform – NNPP

    July 5, 2025
    Family, fans, football stars gather for Diogo Jota, brother's funeral

    Diogo Jota, Andre Silva buried amid tears

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