. Long queues at stations as price soars above N1000/litre at black market . Operators lament lack of forex to run businesses, mismanagement of subsidy removal The scarcity of Premium Motor Spirit , popular known as petrol, which again, resurfaced in some parts of the country, noticeably Abuja and Lagos, yesterday, may have further compounded….
At the headquarters of NNPC in the Central Area of Abuja, black marketers were dispensing at about N1000 per litre, while a few private outlets sold for N649 per litre. At that, it will take at least 30 minutes before patient motorists can access the pump. With the high price of diesel, the National Association of Road Transport Owners at a meeting, also demanded for an increase in freight as the haulage firms noted that the state of roads in the country has gone from bad to worse.
Some fuel stations in Osogbo, Osun State sold at the rate of N615, N620, while Bovas in Osogbo sold at the rate of N590. He charged the government to find a lasting solution to the crisis as he suggested the return of subsidy on PMS. She added that business has not been booming, with the hope that it won’t come to a halt, as she needs the fuel for her business being a frozen foods trader.
He charged the government to ensure the refineries in the country are working to ease the burden and cushion the effect of FX rate on fuel on Nigerians.