Categories: BREAKING NEWSBUSINESS

Fuel Scarcity Worsens, Abuja Black Marketeers Sell N350/Litre

The lingering fuel scarcity worsened in some parts of the country with motorists buying petrol between N300 and N350-litre in Abuja on Monday.

Some Abuja residents, who spoke with our correspondent, lamented the spike in the price of PMS as well as the difficulties experienced in accessing the product.

A motorist, who gave his name as Michael Adebanjo, said black marketeers were selling fuel between N300 to N350 as of Monday.

Sponsored

He said, “I’ve been buying from black marketeers between N300 to N350 per litre. There is no fuel in most filling stations in Abuja. The ones that have, there’s a very long queue. Since, I don’t have the time to wait, I often resort to the black market.”

Another motorist, who gave his name as Ubong Edet, said that while he was able to buy the product for N250 at a filling station over the weekend, difficulty in accessing it forced him to buy at N300 per litre at the black market.

“I bought for N250 on Saturday. I had to join a very long queue before I could even get it that day. Today, it was even more difficult. The queues are something else. So I decided to buy black market today. I bought it for N300 per litre.”

SPONSORED
ABN TV EDITOR

ABN TV is one of the most visited news platform across Nigeria and the world over. It has carved a niche for itself in delivering authentic, accurate news.

Recent Posts

Ibrahim Babangida Dies In Auto Crash

Former Super Eagles player Ibrahim Babangida has died in an accident along Zaira road. His brother,…

6 mins ago

Anambra Police Repel Attack By Gunmen Near Odumegwu Ojukwu University

The Anambra State Police command has repelled attack by gunmen operating near the campus of…

7 hours ago

Abia Govt Launches Land Title Recertification Exercise, Gives Deadline for Submission (Video)

The Abia State Government has announced the commencement of a comprehensive recertification exercise for all…

9 hours ago

Reps Suspend Implementation Of Cybercrime Levy By CBN

The House of Representatives on Thursday, May 9, directed the Central Bank of Nigeria (CBN)…

10 hours ago

Nigerian Police, UK National Crime Agency Strengthen Partnership To Combat Crime

In a bid to enhance crime prevention and security in Nigeria, the Inspector-General of Police,…

10 hours ago

E-Money Under Police Investigation Over N1.2bn Dispute With Lagos Car Dealer

The Chief Executive Officer, Emy Cargo and Shipping Services Limited, Emeka Okonkwo, aka E-Money is…

11 hours ago