On Sunday, several filling stations in Lagos, Abuja, Niger, and other states sold Premium Motor Spirit for between N200 and N250 per liter, higher than the N165 per litre government-approved retail price, as lines for the product spread to further states.
According to reports, the Nigerian National Petroleum Company's inadequate product supply was to blame for the lengthening gasoline lines that were becoming worse in Lagos and neighboring states as well as in Abuja and its surroundings.
In Lagos and Ogun states, several gas stations offered fuel at N200 per litre.
Despite the NNPC's pledge to keep the country moist, many stations were under lock and key, and of those few that did have products, many were spotted dispensing for more than N200 per litre.
According to research, marketers are starting to sell goods at prices that have not been approved by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, and the Federal Government and oil marketers have not yet reached an agreement on how much should be charged for a litre of petrol.©Standard Gazette, 2021. Unauthorized use and/or duplication of this material without express and written permission from this site’s publisher is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Standard Gazette with appropriate and specific direction to the original content.