In an effort to combat the growing nationwide petrol shortage, the Nigerian National Petroleum Company Limited started dumping 240 million litres of Premium Motor Spirit, or petrol, on Monday.
Filling stations supplied petrol at an average price of N800 per litre in various places as the NNPCL started to discharge the commodity.
According to information obtained by GTN , five vessels brought in 240 million litres of petrol, which were offloaded on Monday into five depots.
Ayo Cardoso, the South-West Regional Coordinator of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, affirmed this.
Nigerians in Lagos and other areas of the country have continued to struggle to find fuel as many filling stations remained closed, according to a Monday GTN report, despite promises by the NNPC that the logistical challenges causing fuel scarcity had been addressed.
Additionally, GTN exclusively confirmed that the NNPC’s decision requiring fuel trucks to service the Federal Capital Territory before any other locations could make the situation worse in Lagos and other regions of the South-West.
Hundreds of loaded trucks were sent to Abuja on Sunday in response to a NNPC mandate, according to our sources in the oil sector.
It was discovered that black marketers took advantage of the fuel stations’ increases to make quick cash by offering to sell a litre of petrol for more than N1,200, depending on the buyer’s negotiating power and location.
Additionally, it was noted that on Monday, the difficulties brought on by the the scarcity of fuel were worse. As the country got back to work for the new week, the lines at petrol stations grew longer.
The strain on parents, instructors, and school owners increased when the fuel shortage coincided with the start of public schooling in several states.
