Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,205,004 members, 7,990,778 topics. Date: Friday, 01 November 2024 at 01:05 AM

Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre (9669 Views)

Why Fuel Queues Persist, Spread, By Marketers / Fuel Scarcity Worsens, Abuja Black Marketers Sell For ₦350/Litre / Marketers Notify FG On Planned Fuel Price Hike, Queues Persist (2) (3) (4)

(1) (2) (Reply) (Go Down)

Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by treesun: 10:56am On May 10, 2022
…NNPC blames low loadouts, increased demand
Fuel queues persisted in the Federal Capital Territory on Monday as filling stations struggled to control desperate drivers waiting to buy the Premium Motor Spirit, PMS, at the official price.

Racketeers had a field day, selling a litre of PMS at N300 in different parts of the FCT.

In Kubwa, a litre of fuel went as high as N320, rising to N400 in Asokoro and other prime parts of Abuja, The PUNCH gathered.

One of the racketeers, who identified himself as Usman, said he stored fuel in several gallons, with the belief that fuel would be scarce at some point in the future.




Another racketeer, Bala, claimed that he was still selling his reserves.

“When there is scarcity, I buy from some filling stations at night. I usually pay extra N200 or more for a 10-litre gallon. I buy at N 2000 and sell N3,500,” he said.

Vehicle drivers told The Punch that they spent between two and four hours at various filling stations before buying PMS.



A commercial vehicle driver, George Akinsanya, said he spent three hours at Oando Filling Station opposite the NNPC depot in Abuja before buying the PMS.

Akinsanya said, “We need to find a solution to this perennial problem of fuel scarcity. It is looking like filling stations are looking for this type of opportunity to make money. Last time there was fuel scarcity, they sold at higher prices at night and limit sales to one or two pumps in the day.”

A driver, Mr Udoka Uzondu, who said he waited to buy PMS at an NNPC depot in Abuja, urged the government to put an end to the scarcity to reduce the plight of the common man.”

Fuel queues have become a recurring decimal in Nigeria, especially the FCT. In the first quarter of the year, fuel scarcity disrupted economic activities, leading to an increase in inflation to 15.92 per cent, from 15.70 per cent.

The PUNCH reported on Monday that most filling stations in Abuja and neighbouring states of Nasarawa and Niger that dispensed Premium Motor Spirit, popularly called petrol, were on Sunday greeted with long queues.

It was observed that many other outlets were shut as they claimed not to have products to dispense, a development that led to the crowding of the filling stations that dispensed the commodity.

Meanwhile, the Nigerian National Petroleum Corporation has ascribed the sudden appearance of fuel queues in parts of Abuja to low loadouts and increased purchases that characterise post-holiday periods.


In a statement, the spokesman for NNPC, Garba Deen Muhammad, said on Monday that the company had sufficient fuel supplies to satisfy the demands of Abuja residents for over six weeks.

The statement partly read in part, “The NNPC Ltd notes the sudden appearance of fuel queues in parts of Abuja. This is very likely due to low loadouts at depots which usually happen during long public holidays, in this case, the Sallah celebrations.

“Another contributing factor to the sudden appearances of queues is the increased fuel purchases which are also usual with returning residents of the FCT from the public holidays.”

He further said the NNPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, in conjunction with our marketing partners, had taken necessary measures to ramp up loadouts from all depots.

He assured all residents of the FCT and Nigerians that NNPC had ample local supplies and national stock in excess of 2.5 billion liters, with the sufficiency of more than 43 days.

“The NNPC Limited hereby advises motorists not to engage in panic buying as supplies are adequate as will become increasingly evident in the coming days.”

But the Chief Executive Officer of the Centre for Promotion of Private Enterprise, Dr Muda Yusuf, urged the Federal Government to deregulate the industry to avoid long queue recurrences.

https://punchng.com/fuel-queues-persist-in-abuja-black-marketers-sell-for-n300-litre/

2 Likes 1 Share

Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by Hamzaaaaaaaa(m): 10:57am On May 10, 2022
The problem all started when a professor in education is vicing a professor in illiteracy and wickedness

26 Likes 2 Shares

Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by Malori: 10:59am On May 10, 2022
Buhari has destroyed Nigeria beyond redemption

38 Likes 2 Shares

Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by InnoBest188(m): 10:59am On May 10, 2022
Not only Abuja ooo
I smell it in lokoja too

Omor men
Out leaders no get our time for now
Na 2023 be dem focus for now

10 Likes 1 Share

Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by Dailymice: 11:04am On May 10, 2022
Tinubu 2023

3 Likes

Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by Nobody: 11:05am On May 10, 2022
One solution alone

Remove subsidy

Let petrol be sold at market price, and by extension let refining petrol become profitable.

Zero queues,no more throwing away trillions of naira in the name of subsidy.

You cannot sell something that costs 300 or more to make at 165 or less. And pay a subsidy that doesn't cover the loss.

7 Likes

Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by Abilistic(m): 11:05am On May 10, 2022
smiley

14 Likes

Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by STEWpid(f): 11:05am On May 10, 2022
Lobarton

T-fare has increased.

Imagine,
In a country that has the crude oil itself?

6 Likes 1 Share

Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by Chibox(m): 11:05am On May 10, 2022
Omo, God help us abeg. God abegg

1 Like

Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by slawormiir: 11:05am On May 10, 2022
Damnnn niggar
Isoright
Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by Animegirl(f): 11:06am On May 10, 2022
angry

Honestly, Nigeria is a shit hole.
Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by SegunBABA007(m): 11:06am On May 10, 2022
interesting
Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by Lightened: 11:06am On May 10, 2022
May this madness no reach Lagos o
Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by Ricoteetee(f): 11:06am On May 10, 2022
They should not let it pass Abuja o
Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by dammywapes(m): 11:06am On May 10, 2022
In some days it might hit the south
Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by Designcool1: 11:07am On May 10, 2022
dammywapes:
In some days it might hit the south
Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by visijo(m): 11:07am On May 10, 2022
Forgive your ex, call her, invite her for lunch at a public place, ask her to close her eyes, remove her wig and run
��

3 Likes

Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by dammywapes(m): 11:07am On May 10, 2022
Lightened:
May this madness no reach Lagos o
it might bro
Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by headbasher96(m): 11:07am On May 10, 2022
And my people still want vote a notherner wey peace no they his region any notherner that succeds buhari nigeria will be gone for good as in that last straw go break the camel waist no be even the back
Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by Chibuzoc(m): 11:07am On May 10, 2022
grin Do you know that almost 70% of crude oil export is not accountable

Do you know the minister of petroleum

Do you know that all those buying presidential form from 100m - 40m don't care about your welfare

Do you know that the constitution supports the criminality of Nigerian politicians

Do you know that Nigeria is just like a jungle?

9 Likes 1 Share

Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by Afonjamuslim24(f): 11:07am On May 10, 2022
I am beginning to think Nigeria have no President at the moment.

1 Like

Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by bigdammyj: 11:07am On May 10, 2022
Noted
Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by ken045501: 11:08am On May 10, 2022
Nigeria he collapsed.. everything has gone way beyond bad .. kapat
Re: Fuel Queues Persist In Abuja, Black Marketers Sell For ₦300/Litre by dododawa1: 11:08am On May 10, 2022
Nothing dey fear us again

(1) (2) (Reply)

Breaking! Tinubu Placed Under PICC Line, May Have Cancer Or Heart Infection- Pic / Lagos To Impose Death Sentence On Kidnappers / Aspirants Oppose APC’s Consensus Option For National Chairmanship

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 21
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.