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Fuel scarcity: Four litres go for N1,200

Ibrahim Ahmadu by Ibrahim Ahmadu
February 27, 2022
in Breaking News, News
0

Acute fuel scarcity has hit Yola, the Adamawa State capital as long queues of vehicles resurfaced in most filling stations.

The acute scarcity of the product has worsened in Yola metropolis in the past few days.

Most of the servicing stations run out of stock of the product, while the few available ones were dispensing the product at N220 per litre above the N165 approved pump price.

At the Nigeria National Petroleum Corporation (NNPC) and other major marketers had long queues of motorists who spent several hours waiting to refill their vehicles.

The situation also led to the resurgence of black operators who sold the product at exorbitant prices.

Some of the motorists decried the situation, saying it had exposed them to difficulties.

Malam Auwalu Adamu, a commercial bus operator, said that he spent about five hours on queue to refill his tank.

“The situation is worrisome, and affected my business because I waited many hours on queue to refill my vehicle,” he said.

Another motorist, Hussaini Isa, said that he bought four-litre of petrol at N1,200 at the black outlets.

Reacting, Alhaji Dahiru Buba, Chairman, Independent Petroleum Marketers Association of Nigeria (IPMAN) in charge of Adamawa and Taraba States, attributed the scarcity to increase on landing cost at the NNPC depot in Port Harcourt.

Buba said that their members were lifting the product at N180 per litre at Port Harcourt depot, adding that they also spent N18 per litre on transportation of the product from Port Harcourt to Adamawa.

Also, Ishaku Zira, a black market operator, who described the trade as lucrative, said that he was enjoying appreciable patronage occasioned by the fuel scarcity.

He said that a litre of petrol was sold at N300 while four litres go for N1,200.

Tags: Fuel scarcity: Four litres go for N1200
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