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Petrol Scarcity Looms As Petrol Now Sells For N12o Where Available - Business - Nairaland

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Petrol Scarcity Looms As Petrol Now Sells For N12o Where Available by adiguns3(m): 9:48am On Feb 29, 2016
Scarcity of petrol in Lagos and other
major cities across the country has forced
an increase in the pump price of the
product. It is now selling at N120 per
litre.
With most filling stations still closing their
gates to motorists for the fifth day, the
few that sold the product yesterday
witnessed long queues of motorists, who
struggled to buy the product.
In Abuja the scarcity is off and on, with
petroleum product availability being
unpredictable.
In most areas, the scarcity forced the
price of the product to between N110 and
N120 per litre. Yet, hapless motorists
queued up to buy.
The NNPC insists that it has a 30 reserve
and can cater to the needs of Nigeria, but
this is often not felt as most marketers
decry the lack of products at major NNPC
depots nationwide and have implored the
NNPC to make products available.

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