Saturday, November 7, 2026

‘Petrol selling for N1,000 per litre at black market’

Another commuter, Adeyinka Akinwumi, said she paid between N300 and N500 from Masaka to Wuse, which usually cost N150.

• March 7, 2022
Vehicles queue for petrol
Fuel queue used to illustrate the story

Amid continued fuel scarcity and increased pump price, petrol could sell for N1,000 per litre at the black market.

Chinonso Orji, a taxi driver, said the scarcity of fuel and the activities of black marketers had affected his business as he had to increase fares to meet the current situation.

”I resorted to buying from the black marketers who sell a litre of fuel for N1,000,” Mr Orji claimed.

On Monday, Nigerians in Abuja decried the high cost of transportation, blaming petrol scarcity and black marketers.

They accused filling stations of hoarding petrol, preferring to sell to black marketers, who in turn sell to end-users at exorbitant prices.

A commuter, Igwe Sarah, said her transport fare increased by 100 per cent, paying N200 to get to work instead of N100.

Another commuter, Adeyinka Akinwumi, said she paid between N300 and N500 from Masaka to Wuse, which usually cost N150.

However, a bus driver, Friday Samuel, said the black marketers made things easy for him as a driver.

According to Mr Samuel, some filling stations sell only at night to the black marketers, denying motorists the opportunity to buy fuel during the day.

“Black marketers are visible everywhere on the streets since fuel scarcity rocked the nation,” said Mr Samuel. ”While motorists spend hours and in most cases the entire day queueing without getting the product, the black marketers have constant access to the product.”

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

COAS ​‌⁠​‍‍⁠⁠‍‍​​‌​​‍‍‌​inaugurates homes for soldiers in Benin

States

COAS ​‌⁠​‍‍⁠⁠‍‍​​‌​​‍‍‌​inaugurates 40 affordable homes for soldiers in Benin

Mr Shaibu said decent and affordable accommodation for soldiers and their families remained central to his Soldier-First command philosophy.

The two training aircraft

NationWide

Baze University acquires two training aircraft for aviation school

Mr Baba-Ahmed said this milestone would significantly advance national development and boost capacity in the aviation sector.

Picture of Customs handing over intercepted LPG consignment to NMDPRA

States

Customs hand over LPG consignment intercepted at Akwa Ibom to NMDPRA

Ms Okor-Odey described the handover as a practical demonstration of inter-agency cooperation and regulatory responsibility.

Murtala Mohammed Airport

NationWide

Aviation unions oppose FG’s plan to abolish 5% ticket, cargo sales charges

Mr Ocheme said that any review of aviation charges must follow transparent statutory procedures.

NAFDAC

States

NAFDAC warns Imo patent medicine dealers against selling fake, expired drugs

According to the NAFDAC boss, commercial interests must never justify endangering public health.