‘Petrol selling for N1,000 per litre at black market’

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)
More from Peoples Gazette

Economy
Buhari regime will continue to borrow without subsidy removal: Femi Adesina
“You know how much could have been saved if the subsidy was removed and how it could have been diverted to other areas and spheres of national life.

States
Nasarawa: Lafia community protests eight months power outage
The AEDC has promised that the transformer would be powered before the close of work on Monday.

Economy
Number of oil firms owing FG dropped to 51 in 2020: NEITI
NEITI revealed that the number of defaulting companies dropped from 77 in 2019 to 51 in 2020.

NationWide
Army needs veterans support to fight Boko Haram, bandits: COAS
“The veterans also can draw the attention of the army authorities to certain issues affecting us or the security of our great nation.”

NationWide
FG to evacuate more Nigerians from Ukraine under humanitarian corridor
The federal government has so far evacuated 807 Nigerians from Ukraine.

Education
ASUU Strike: FG gives committee three months to renegotiate agreement with union
The committee is chaired by the Pro-Chancellor, Alex Ekweme Federal University, Ndufu-Alike, Nimi Briggs.

Economy
Diesel sells for N540 per litre as fuel scarcity bites harder across Nigeria
The new price shows a significant increase in pump price from the initial N225 per litre sold in January 2021.