The fuel scarcity which surfaced in Lagos and Abuja over a month ago has spread to many parts of the country.
A litre of the product now sells for over ₦1000 in some parts of the country.
Several petrol stations in many parts of the country have remained shut with claims they do not have the product to dispense.
However, the scarcity has led to disruption of commercial and social activities.
Although Nigerian National Petroleum Company Limited (NNPCL) had said the shortages were caused by “distribution” challenges, it did not specify the cause of the current spike, which had lingered in Abuja and environs for over four weeks.
It appears to be a boom period for Black market operators as they are now making brisk business selling a ten litre jerrycan of petrol for as high as ₦12,000.
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In addition, the private fuel stations with the commodity are selling between ₦750 to ₦1050 depending on their location.
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