Fuel Scarcity Bites Harder: N250 Per Litre In Lagos black market

The ongoing scarcity of Premium Motor Spirit, PMS, otherwise known as petrol has taken a new dimension in Lagos, as price of the product has inflated to N250 on Friday. While some petrol stations are selling the product between N130 to N180, illegal marketers are selling it at 250 per litre in some areas. Checks by DAILY POST show that long queues were spotted in many stations that were selling, while others were permanently locked.

In Ejigbo area of the state, most filling stations were locked except a popular filling station, which was selling at N130 per litre. Similarly, in Ikotun, major fuel stations were not selling except black marketers, who were seen selling fuel along the road in cans. When this reporter approached the seller, he said a litre was N270, however, after much pleas, he agreed to sell at N250.

A trip to Iyana Iba also showed that most passengers were stranded due to scarcity of bus. Along the every-busy Iba-Lasu expressway, only two filling stations were selling with long queue. Findings show that they were selling at 180 per litre.

In Kiririkiri town, the usual gridlock on the road has vanished as only few cars were spotted.Checks at filling stations in the place show that no filling station was selling except black marketers who were selling a litre between N230 to N260.

Culled from Daily Post