The Independent marketers of petrol, have increased prices by more than 21 per cent to N850 per litre, from about N700 per litre in Lagos and its environs as shortage bits harder.
A survey of the situation in Lagos and environs indicated that many major marketers did not have the product for sale, while the few independent marketers with the product raised prices to the new level, obviously the highest this year.
There were very long queues at filling stations of the few NNPC and major marketers, which prices hovered at more than N650 per litre.
However, desperate motorists were seen patronising illegal hawkers, whose prices ranged between N1,000 and N1,500 per litre, at some locations, including Maryland, Egbeda, Ikotun, LASU-Iba road, Ikeja and Agege.
Some customers also complained about other sharp practices, especially pump manipulation as officials of the Nigerian Midstream and Downstream Regulatory Authority, NMDPRA, were not in sight to enforce compliance at the filling stations.
The Chief Executive Officer of NMDPRA, Engr. Farouk Ahmed, could not be reached, but it was confirmed that the personnel were still holding forte at the depots.
In response to the situation, motorists transferred the high cost of fuel in form of high fares to commuters, who paid N1, 500 to travel from Mile 12 to Yaba, yesterday, from N1, 000 the previous day. NNPC Ltd had attributed the shortage to hitches in the discharge operations of a couple of vessels.
Olufemi Soneye, Chief Corporate Communications Officer, said: “The NNPC Ltd wishes to state that the tightness in fuel supply and distribution witnessed in some parts of Lagos and the FCT is a result of a hitch in the discharge operations of a couple of vessels.
“The company further states that it is working round the clock with all stakeholders to resolve the situation and restore normalcy in the operations.”
Vanguard
