MOTORISTS in Mubi, Adamawa State, on Wednesday decried the hike in the prices of petroleum products occasioned by scarcity in the area.
According to the News Agency of Nigeria (NAN), the scarcity has led to proliferation of black markets in the town where the products are sold at exorbitant prices.
A check at the Nigerian National Petroleum Corporation (NNPC) mega station in Mubi showed that the dispensing pumps had remained dry in the past few weeks, while most of the major marketers had also run out of stock.
Petrol was readily available in the black market while filling stations, which had fuel, had increased prices by more than 20 per cent above the approved rates. Petrol sold at N90 per litre as against the N65 approved pump price, while it was sold at N100 per litre at the black market outlets. Kerosene sold for N220 per litre at the black market as against its official price of N50.
Some of the petrol marketers attributed the scarcity to a drastic drop in supply.
Malam Isa Haruna, a bus driver, said he spent more on petrol due to the sudden increase in price.
Haruna blamed the petroleum marketers for the unilateral increase in pump prices and urged the Federal Government to take urgent measures to end the scarcity.
Source: News Agency of Nigeria
Get more trends like this
Subscribe to our mailing list and get latest Nigeria trends in your inbox.