Petrol queues resurfaced at the weekend in Lagos fuelling anxiety of another round of crises. Most filling stations within the metropolis on Sunday ran out of stock while the few that have product experienced long queues with emergence of black market along major roads in the state. Yesterday transport fare went up as transporters responded…
The post Queues Return To Lagos As Marketers Anticipate Price Hike appeared first on Nigerian News from Leadership News.
Petrol queues resurfaced at the weekend in Lagos fuelling anxiety of another round of crises.
Most filling stations within the metropolis on Sunday ran out of stock while the few that have product experienced long queues with emergence of black market along major roads in the state.
Yesterday transport fare went up as transporters responded to the situation causing commutters to trek distance to cut rising transport fare.
But a major marketer who confided in our correspondent said the situation may not be unconnected with anticipated hike in the pump price of petrol.
“There is panic buying on the part of marketers. As at today (Monday) we experienced such and marketers are buying as much as 3-4 trucks each and those who are not patient to get directly from us are buying from third party higher than what depots sell.
Though we sell at N76.50 per liter but those who don’t have patient buy from already loaded trucks higher than what we sell.
But I can tell you authoritatively that price modulation operated by government which officially regulates price of the product ended at the first quarter which is a clear indication of possible price increase” he affirmed.
Meanwhile, officials at most of the filling stations visited by our correspondent could not respond to inquiries.
“We are no longer getting regular supply but we sell at official price and that’s what I can tell you now” an attendant at Oando filling station Maryland said.
The post Queues Return To Lagos As Marketers Anticipate Price Hike appeared first on Nigerian News from Leadership News.