Fuel queues have reportedly returned to some parts of Abuja and Lagos State, as more filling stations shut down due to unavailability or hoarding of the product.
Marketers have blamed the return of fuel queues and scarcity on the forex crisis and bad roads, which have affected the movement of fuel to certain parts of the country.
In Abuja, some filling stations were shut down, while the few opened ones had few attendance and had adjusted their pump prices to above N600. Some NNPCL stations in Abuja were dispensing at the N617 official price.
In Lagos, where fuel pump price ranges between N568 and N585, some filling stations were shut down, while the few dispensing the product had increased their price to between N600 and N650 per litre.
The Major Marketers Association of Nigeria (MOMAN) blamed the scarcity on the rise in dollars, bad roads and hoarding of fuel. MOMAN’s Executive Secretary, Clement Isong, said that tanker drivers and some dealers no longer find the business attractive because of the problems confronting the sector.
He also said that some marketers, in anticipation of a shortage of the product, started to hoard petrol.
The leader of the Independent Petroleum Marketers Association (IPMAN), Debo Ahmed, blamed the scarcity on supply disruption.
He noted that the NNPCL remains the sole importer of refined petroleum products, explaining that the only way out is to start local refining.
Fuel queues resurge in Abuja and Lagos as marketers blame forex crisis, bad roads
Fuel queues have reportedly returned to some parts of Abuja and Lagos State, as more filling stations shut down due to unavailability or hoarding of the product.
Marketers have blamed the return of fuel queues and scarcity on the forex crisis and bad roads, which have affected the movement of fuel to certain parts of the country.
Fuel scarcity hits Abuja, Lagos again as marketers hoard product
In Abuja, some filling stations were shut down, while the few opened ones had few attendance and had adjusted their pump prices to above N600. Some NNPCL stations in Abuja were dispensing at the N617 official price.
In Lagos, where fuel pump price ranges between N568 and N585, some filling stations were shut down, while the few dispensing the product had increased their price to between N600 and N650 per litre.
Petrol prices soar to N650 per litre in Lagos, Abuja as queues lengthen
The scarcity has led to long queues and a hike in price at the few stations dispensing the product. The petrol price has crossed over N600 at many independent filling stations even as major stations are selling above N568 in the state.
Marketers blame dollar scarcity, bad roads for return of fuel queues
The Major Marketers Association of Nigeria (MOMAN) blamed the scarcity on the rise in dollars, bad roads and hoarding of fuel. MOMAN’s Executive Secretary, Clement Isong, said that tanker drivers and some dealers no longer find the business attractive because of the problems confronting the sector.
He also said that some marketers, in anticipation of a shortage of the product, started to hoard petrol.
NNPC stations shut down as fuel scarcity worsens in Abuja, Lagos
The leader of the Independent Petroleum Marketers Association (IPMAN), Debo Ahmed, blamed the scarcity on supply disruption. He noted that the NNPCL remains the sole importer of refined petroleum products, explaining that the only way out is to start local refining.
Conclusion
The return of fuel queues to Abuja and Lagos is a major concern for residents and motorists. The government needs to take urgent steps to address the forex crisis and bad roads, which are major contributors to the problem.
The government should also encourage local refining of petroleum products to reduce dependence on imports.
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