Filling stations have increased their pump price for Premium Motor Spirit (PMS), popularly known as petrol, amid ongoing scarcity that started in Abuja and has spread to various parts of the country.
Daily Trust reports that fuel prices have surged, ranging between N800 and N900 per litre in some states, significantly higher than the official pump price.
Black marketers have also taken advantage of the situation, selling a litre of petrol for N1,000 to N1,500.
Although the scarcity is majorly in the north, TimesNow.com.ng observed several filling stations in Lagos closed on Monday, July 8.
A filling station manager at Ikotun, Gbenga Salau, told TimesNow.com.ng that they are closed due to a lack of supply.
He explained.
Another filling station visited on the same road, amid long queues, has adjusted its pump price to N720 per litre.
Reacting to the development, the Major Energy Marketers Association of Nigeria (MEMAN) has said that heavy rainfall across the country, particularly in Lagos, hampered ship-to-ship loading.
Clement Isong, the executive secretary, of the body who gave this explanation, noted that berthing at jetties, truck load-outs and transportation of products to filling stations created a disruption in station supply logistics.
Earlier, TimesNow.com.ng reported that the Dangote refinery has been ranked among the best in the world, surpassing major European refineries.
Completed in 2023, the Dangote refinery is expected to meet all of Nigeria’s refining needs and also export its products.
Already, the refinery has released its first products, including diesel and aviation fuel, and the impact is already being felt.
Source: TimesNow.com.ng
