Premium Motor Spirit, popularly well known as petrol, is being sold at the rate of N1,300 per litre and N1,500 per litre by black marketers in some parts of the country, after the sudden scarcity which occurred since on Saturday.
The black marketers have taken advantage of the sudden scarcity, while some petrol stations sold fuel between N660/litre and N800/litre, The Punch reports.
As long queues started building up at fuel stations in Abuja and Lagos on Friday, some depots are currently dry, which has led to fuel scarcity and attendant queues in Lagos, Ogun, parts of Abuja, Niger, and some other states across the country.
Reacting to the situation, the Nigerian National Petroleum Company Limited, through its Chief Corporate Communications Officer, Olufemi Soneye said the tightness in fuel supply and distribution was caused by a hitch in the discharge operations of a couple of vessels.
In the words of Soneye, “The NNPC Ltd wishes to state that the tightness in fuel supply and distribution witnessed in some parts of Lagos and the FCT is as a result of a hitch in the discharge operations of a couple of vessels,”
The company added that it was “working round the clock with all stakeholders to resolve the situation and restore normalcy in the operations.”
