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NAIRAWAY Forum / Nairaway / General / Fuel Scarcity Worsens Over Speculation On Price Increase (1 Post | 346 Views)
Fuel Scarcity Worsens Over Speculation On Price Increase by nairaway(m) : 10:55 am On May 11, 2016
After a few days of relief, fuel queues grew longer at some filling stations in Lagos, Ogun on Tuesday, as speculations about an imminent increase in the price of Premium Motor Spirit sparked panic buying.
Long queues of desperate motorists and others, which spilled onto the road and caused gridlock, were seen at filling stations on the Otedola Estate and Berger end of the Lagos-Ibadan Expressway.
At some other filling stations in the two states, petrol was sold for between N120 and N160 per litre
while black marketers had a field day as they sold the product for as much as N250 per litre.
According to Punch, the recent attacks on a crude oil pipeline in Warri, leading to the shutdown of the Warri and Kaduna refineries, had affected fuel supply in many parts of the country.
Nigerians who were a bit relief in the last week, are in for some hide times again. When will this end?
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