Economy
New Price Of Petrol Emerges In Osun, Lagos, Abuja Others As Fuel Scarcity Persists (See Price)
A fresh wave of gasoline shortages has hit Lagos State and other regions of the nation, resulting in long lines at gas stations and sharp price increases for fuel, with some stores selling it for an unsettling N900 a litre.
Abuja
Dtruth Insights reports that the supply crisis also affected the Federal Capital Territory (FCT) and the states around it, resulting in mile-long lines and severe traffic in the capital.
On Monday, many gas stations in the Federal Capital Territory (FCT) were closed, and the handful that were open offered gasoline for as much as N900 per litre. The black market was also booming, with a 10-liter gasoline canister selling for as much as N12,000 at one point.
The lines in Abuja extended from the NNPC Mega Station on the Gwarimpa axis of the Zuba-Kubwa Expressway to the filling stations at Conoil and Total, which are located directly across from the national oil company’s headquarters in the city center, and to the Salbas filling station, which is located at the Dei-Dei end of the Zuba-Kubwa expressway.
Zone 1 saw sales at the NNPC Mega Station on Olusegun Obasanjo Way and the one across from GSM Village, although the lines were rather long for this location. The product was absent from some nearby stations, such as the Total fueling station.
Osun
The situation is quite different in Osun State. Fuel stations in Ile Ife, Osogbo, Ede and others sell at around N750 per litre. But it is sold N900 per litre in Lagos State.
Nassarawa
The situation in the states of Nasarawa and Niger was the same.
Although the NNPC mega stations continued to charge N617 per litre for gasoline, roadside black marketers were making good money despite the lengthy lineups that stretched over a kilometer.
The Nigerian National Petroleum Company Limited (NNPCL) ascribed the development to interruptions in the transportation of goods brought on by unfavorable meteorological phenomena, such as lighting and thunderstorm.
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