Monday, 29 February 2016

Fuel Price Rise To 155Naira As Queue Increases

There was scarcity of Premium Motor Spirit, PMS, otherwise known as petrol in Lagos during the weekend as long queue of vehicles were spotted at various filling stations across the state.
Long queue as most fuel stations around the state were permanently under lock and key. In Ikorodu bus stop, a popular filling station was selling a litre for N115 instead of the official pump price of N86black marketers were selling a litre between N140 to N160 per litre.
The scarcity of the product was evident Sunday evening as many passengers were stranded due to absence of commercial vehicles.Some passengers around Ketu claimed they had been at the bus stops for over 45 minutes.
However, findings by DAILY POST show that Mobil, Total and Oando filling stations were selling at moderate price, but with long queues. Similarly, in many states across the federation, the price of the product in fluctuating between N86 per litre to N200.