Scarcity worsens in Sokoto, black market petrol prices soar to N2,000/litre
Residents in Sokoto State are facing increasing hardships due to a severe fuel scarcity gripping the region. Business activities have been severely disrupted, with black marketeers charging exorbitant prices ranging between N2,000 and N2,500 per liter for petrol.
“Some residents called on the government to intervene to bring the situation under control so as not to degenerate.”
“They said the situation has started affecting business activities and making life difficult for people as the black market price of N2,500 per litre is becoming scarce and this is bringing business and other activities to a standstill in the metropolis”.
Meanwhile, the Nigerian National Petroleum Company Limited (NNPC Ltd) has blamed the fuel queues that have resurfaced in Lagos, Abuja and other states of the Federation on “logistics issues”.
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The company, however, said the issues have been resolved.
“The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is as a result of logistics issues and that they have been resolved,” the company said in a statement on Thursday evening.
“It also wishes to reiterate that the prices of petroleum products are not changing.”
NNPCL called on Nigerians to “avoid panic buying as there is a sufficiency of products in the country”.
