Connect with us

Hi, what are you looking for?

Business

Again, petrol queues return to Lagos filling stations as black market grows in Abuja

Technocrat Media

Petrol queues have resurfaced in Lagos as motorists have started encountering difficulties in buying the product on Monday morning, Technocrat Media gathered.

In Abuja, residents have been buying from black market operators as the queues have failed to disappear since February when Nigerians suffered petrol scarcity. 

The February scarcity was a major shortage of the premium motor spirit (PMS) that hit Abuja, Lagos, and other major cities, leading to queues at filling stations across the country and leaving millions unable to power their cars and generators for daily production activities. The federal government said the discovery of high content of methanol in imported fuel caused the shortage. It added that authorities were working to replace the off-spec product across the country.

However, today in Lagos, queues were noticed in some filling stations according to residents which is already causing panic buying motorists.

Fuel Queue at Total Energies, Festac in Lagos on June 20, 2022. Credit: TheCable

A Lagos resident, Folashade Aluko, said “Adding fuel scarcity to our current issues in this country is not good”. 

At some filling stations in Ikorodu, sales of the commodity were restricted to two or three pumps even as other filling stations shut down services, according to TheCable.

An attendant at TotalEnergies in Festac town told TheCable that the scarcity is likely due to a rumoured increase in petrol price.

“Our customers have also said they noticed the same queues. In fact, this morning, we didn’t get supplies until 9 am today. I am very sure we will shut down before 6 pm today,” he said.

A week ago, the Independent Petroleum Marketers Association of Nigeria (IPMAN) in the South West had threatened to direct its members to increase petrol and diesel pump prices.

Dele Tajudeen, IPMAN zonal chairman in the South-West zone, had claimed that his members had been unable to buy the products from any of the government-owned depots for the past six months, forcing them to purchase from private depot owners who had continued to take advantage of the situation.

Excellent journalism is expensive. It is only the same that can help to build our society and country to entrench good governance, and development and ensure justice for all.

We need your support for investigative findings and special reports to demand accountable and transparent government. DONATE today to help us stay relevant to serve your quest for accurate and authentic stories.

DONATE TO 0450702364, naira OR 0657626454, USD – GTBANK

TECHNOCRAT INNOVATIONS PLUS LTD

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Like Our Facebook Page

You May Also Like

Oil & Gas

The Nigerian National Petroleum Company Limited (NNPC Ltd.) and First Exploration and Production Limited (First E&P) Joint Venture (JV) have donated the sum of...

Business

Some filling stations in Abuja and Lagos have adjusted their pump price for petrol to  N617.00 and N565.00.

Business

The Nigerian National Petroleum Company Ltd. (NNPCL) says the new fuel queues in Abuja and some parts of the country were caused by the...

National

The ad-hoc committee on fuel consumption of the house of representatives says it has begun the assessment to determine the daily volume of petroleum...

Oil Sector

The lower chamber of the National Assembly says more than $10 billion worth of the nation’s crude has been allegedly stolen in fraudulent fuel...

Oil & Gas

It is no news that fuel queues have refused to disappear in the federal capital territory (FCT) making the petrol black market flourish as...