The scarcity of petrol witnessed in many parts of Lagos, has forced many commuters to turn to the black market where petrol now sells above N300 per litre.
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It was observed that in many parts of Lagos, the few filling stations selling petrol had long queues and some had increased their prices to sell at N200/litre.
On Monday for instance, some filling stations around Lagos shut down or had queues, during the evening.
Ngozi Okafor, a petrol black marketer who resides in the Satellite Town axis of the state disclosed that she bought petrol for N190 per litre from an Eterna petrol station located in Alakija, Satellite Town, Lagos and sells at N300 per litre during the evening, when most residents were unable to purchase fuel during the day.
Nwaze Chukwuma, a resident of Satellite Town said that due to the strike by bus drivers he got home late, and had no choice but to get petrol from the black market. “I spent N4800 to buy petrol from the black market, at N300 per litre,” he said.
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Olaleye David, another black marketer that sells petrol for N250 per litre told BusinessDay that a Petrocam filling station, located in Abule Ado, sells petrol for N220 per litre, as motorists, cars and residents pile up daily.
He added that the price may rise above N300 if the scarcity persists.
