✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters

Fuel scarcity spreads in Lagos as ex-depot price hits N205

Fuel scarcity which resurfaced in parts of Lagos early this week has spread to the nooks and crannies of the state amidst raising concerns from…

Fuel scarcity which resurfaced in parts of Lagos early this week has spread to the nooks and crannies of the state amidst raising concerns from motorists over the cause of the scarcity even as independent marketers now sell above N210.

Daily Trust checks on Wednesday revealed that many filling stations across the state are shut while only a few stations dispensing fuel had long queues.

Our correspondent who went round Lagos metropolis also observed lighter traffic movement in some parts of the state like Murtala Muhammed Airport road inbound Ikeja traffic.

Also, no filling station was dispensing fuel at Oba Akran Avenue as the only major marketer selling the product abruptly stopped, claiming they had run out of stock.

LP warns against sabotaging PVC collection

Babachir pledges support for Atiku, says Tinubu won’t win

Also at Agidingbi Ikeja, a Mobil filling station was not dispensing.

Our correspondent however learnt that some independent filling stations dispensing fuel are selling at N210, N215 and N220 per litre as against N169- N170 which is the government-regulated price for the NNPC retail outlets and the major marketers across the country.

A motorist, Mr. Lukman told our correspondent that the fuel situation may not improve anytime soon, saying the scarcity has spread to the Lagos metropolis.

He said, “If you get fuel at any independent filling station even at N220, you have to buy it immediately because you can’t get it at any major filling station.

“In fact, Mobil filling stations where we usually get fuel around Ikeja here and Akilo road are not selling. This is to tell you the situation has gone bad.”

Findings by our correspondent however revealed that most independent filling stations selling fuel are dispensing at far above the government-regulated price following what they called the increase in ex-depot price.

Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Satellite Depot, Ejigbo, Akin Akinrinade confirmed the development to our correspondent, saying the private depots have increased the ex-depot price to N205 from N180/N190 it was previously sold.

He said, “The problem is the price at which the private depots are selling to independent marketers. As of today, they are selling N205 and if the marketers buy at N205, there is no way the person would sell less than N210, N215.

So it is not as if the fuel is not there, it is the price at which we get it from private depots. We have other stations, major marketers and NNPC retail selling at N169, N170. You can see the gap is about N30. You can decide to go and queue.”