Black Market Operators Make Brisk Business as Petrol Scarcity Lingers in Lagos, Others – THISDAYLIVE

The current nation-wide scarcity of petrol which has been on for over month has put black marketers in a profitable mode as they are now making brisk business by cashing in on the lapses created in the product’s distribution and supply system.

THISDAY’s findings last night showed that the pump prices of petrol at filling stations now sells between N200 and N300 per litre in Lagos, Abuja, Umuahia, the entire Southwest, Owerri and Uyo. The petrol scarcity is now having adverse effects on the populace as the scarcity and hike in the price of the product has led to an increase in transport fares by 200 per cent, thus pushing the prices of some consumer goods higher.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Despite scarcity, black market boom, FG insists petrol price won't be increasedThe federal government has assured Nigerians that there is no plan to increase the price of premium motor spirit (PMS), better known as petrol. The Nigerian Midstream and Downstream Petroleum I wonder how fuel is not available for car owners but it's readily available to jerry-can owners.
Source: thecableng - 🏆 2. / 80 Read more »