Petrol Now Sells For N200/Litre In Black Market

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As the scarcity of petrol continued on Monday across the country, illegal hawkers of the commodity on the black markets resurfaced in parts of Lagos, Abuja and other cities, selling the product for between N120 and N200 per litre to desperate motorists and other users.

The official pump prices of petrol are N86 and N86.50 per litre at the Nigerian National Petroleum Corporation’s filling stations and those belonging to independent marketers, respectively.This is coming as the NNPC announced that it had secured the commitment of the Major Oil Marketers Association of Nigeria to end the latest fuel crisis, which began last week. But the marketers said they had yet to receive supply of the 180 million litres of petrol that the NNPC claimed to have delivered as part of measures to ease the scarcity.

Many filling stations belonging to independent marketers in Lagos and Abuja were shut on Monday, as they claimed not to have the product to dispense.