December 22, 2024
News Top Story

Fuel Scarcity Worsens: Long Queues Resurface in Lagos, Abuja, Kano

By Emmanuel Kwada

Fuel scarcity has worsened in Nigeria, with long queues resurfacing in Lagos, Abuja, and Kano. The situation has led to a surge in black market sales, with fuel selling for 1,500 naira in Katsina and 1,200 naira in Nasarawa.

Many Nigerians have taken to social media to express their frustration and anger at the situation.

“I have been here since morning, and they said they don’t sell in gallons. My fuel in the shop has finished,” lamented the owner of Blessed Computer Business Center, Nyanya, Abuja, holding his hands in frustration as he returned to his shop with an empty gallon.

According to Billy Gillis-Harry, President of the Petroleum Products Retail Outlets Owners Association (PETROAN), oil marketers are facing supply constraints and can only distribute what they have. He attributed the scarcity to logistics challenges, including ship-to-ship transfer issues.

However, he noted that until the logistics issues are resolved, the scarcity will persist

Gillis-Harry assured that marketers are in talks with the Nigerian National Petroleum Company Limited (NNPCL) to address the supply challenges. However, he noted that until the logistics issues are resolved, the scarcity will persist.

The scarcity has led to increased transportation costs, with a liter of fuel selling for between 800-1,000 naira in some filling stations. Black market racketeers have taken advantage of the situation, selling fuel at exorbitant prices.

Reports had linked the scarcity to debt owed to international oil traders by NNPCL, but the company has denied this. NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, acknowledged that the company owes debts but is paying its obligations on a first-in-first-out basis.

The fuel scarcity has caused widespread hardship, with many Nigerians struggling to access fuel for their daily needs. The situation remains uncertain, with no clear end in sight.

Read Also: 65% Of Tinubu’s Speech Focused On Self-Praise, Not Hunger And Hardship In Nigeria – Forensic Analysis

Author

The Insight Report

Nigeria Coverage

Related Posts

Leave a Reply

Your email address will not be published.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