Wednesday, July 15, 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

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.”

LGEA Primary School, Allor

States

Navy reaffirms commitment to national development through civil-military relations

Nigerian Navy chief Idi Abbas has reaffirmed commitment to national development through strengthened civil-military relations and sustainable community development initiatives.

Gov Okpebholo signs Edo agriculture college bill

Agriculture

Gov Okpebholo signs Edo agriculture college bill

The new law changes the institution’s name from Edo State College of Agriculture and Natural Resources to Edo State College of Agriculture, Science and Technology.

ADC, Accord Party, APP, AA, ZLP

NationWide

De-registration of ADC, Accord Party, APP, AA, ZLP: Appeal Court reserves judgement

The Court of Appeal in Abuja on Tuesday reserved judgment in appeals challenging the Federal High Court’s decision ordering INEC to deregister five opposition political parties.

The Organisation for the Advancement of Nigerians

Diaspora

Nigerian diaspora community says Jimoh Ibrahim’s appointment yielding results

The Organisation for the Advancement of Nigerians applauded President Bola Tinubu for appointing Jimoh Ibrahim as Nigeria’s UN ambassador.

Adebo Ogundoyin

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.

Minister of Foriegn Affairs Yusuf Tuggar

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.