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

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

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

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.”

States
School Abduction: Oyo Assembly backs Gov Makinde’s call for international investigation
The lawmaker cautioned the public and the Nigerian Senate against misinterpreting the purpose of the state governor’s call for an international investigation.

Politics
Tuggar group rejects Bauchi APC governorship candidate Mohammed Abubakar
He dismissed Mr Abubakar’s declaration as a governorship candidate, alleging that there were no governorship primaries in the state.

Hot news Home top
Oyarzabal, Porro score as Spain beat France to reach World Cup final
Spain will face the winner of the second semi-final match between England and Argentina on Sunday.

Economy
PenCom cuts pension approvals to 48 hours, recovers N36 billion arrears
She said the 48-hour approval timeline had become a mandatory service standard binding on all PFAs.

Heading 5
Freed Oyo pupils, teachers reunite with families
The pupils and teachers reunited with their families on Tuesday.

NationWide
DHQ engages military veterans on welfare, national service
He said the welfare of retired personnel remained one of the top priorities of the DHQ under the current leadership.





