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Black market rules as Abuja residents pay N250 per litre for fuel

Nairametrics by Nairametrics
April 13, 2015
in Uncategorized
Another Reason Why There Is Fuel Scarcity
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Newspaper reports suggest a litre of fuel is going for about N250 in some parts of the Federal Capital Abuja. According to investigation from the Punch, black market operators have replaced filing stations as the only means of obtaining the product using jerry cans to replace the nozzles.

As expected, fuel sold for as much as N250 per litre by black market operators whist the few filing stations who had the product sold for N130.

It is so bad that most filing stations in the city centre did now have fuel to sell as they were mostly shut. The reason for the fuel scarcity was attributed to marketers who refused to lift petrol to Abuja since Thursday on the back of claims that they are yet to be paid their subsidy claims.

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Tags: Black MarketNews Review
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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