Business

Fuel scarcity: Black marketers sell petrol at N2000 per litre in Sokoto

Residents in Sokoto State have continued to lament the untold hardship they are subjected to following the fuel scarcity being experienced in all parts of the state that has made businesses and other activities very difficult.

Commuters in the state said most filling stations were locked under the guise that they lack product to dispense, while black marketers were selling a litre of petrol between N2,000 and N2,500 across the metropolis.

Some of the Residents  who spoke to our corresponded  called for government  intervention by bringing the situation under control.

They said the situation has started affecting business activities and making life difficult for people as the black market price of N2,500 per litre was causing more hardship on them.

Meanwhile, the Nigerian National Petroleum Company Limited (NNPC Ltd) has blamed the fuel queues that have resurfaced in Lagos, Abuja and other states of the Federation on “logistics issues”.

The company, however, said the issues have been resolved.

“The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is as a result of logistics issues and that they have been resolved.

“It also wishes to reiterate that the prices of petroleum products are not changing, ”the company said in a statement on Thursday evening.

NNPCL called on Nigerians to “avoid panic buying as there is a sufficiency of products in the country”.

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