Lagos and other states in Nigeria are beginning to experience fuel scarcity as private depot owners hiked the ex-depot price of petrol from N630 to N720 per liter.

This occurred as fuel scarcity intensified in Abuja and nearby states on Sunday, with some filling stations selling PMS for as much as N900 per liter.

Punch reported that several filling stations in Lagos, Ogun, and some other states have run out of stock as they refused to purchase high-priced fuel from private depots.

Reasons for the Fuel Scarcity

In an interview, Hammed Fashola, the National Vice President of the Independent Petroleum Marketers Association of Nigeria, stated that many filling stations remained closed because they had no fuel in their tanks.

He said, "Those that shut their stations do not have fuel to sell. When you don’t have fuel, you cannot open your station. That is the problem. You know the NNPC is the sole importer of this product. I think it is in the best position to tell us what is actually going on.

"Currently, independent marketers cannot buy what the private depots are selling. They are selling fuel between N715 and N720 per liter. How much will marketers sell the product? Look at the cost of bringing it to their depots; with transportation and other depot expenses, it will be too costly for them. That is why the stations are shut down. Some marketers refuse to go and buy because they know the masses cannot afford high-priced petrol in this economy. That is the situation for now," the IPMAN leader stated.

Read More: https://crispng.com/explained-why-nigerians-are-experiencing-recurring-fuel-scarcity/

okay! e lo fi okan bale??

Nigerians and impatience na 5&6....selling PMS black market should be criminalized.

It is really simple

Exdepot price is N720

Price of fuel is N580-N700

Actual price of fuel via landing cost is way above N1000

Your government which is a mess can no longer afford the subsidy they lied about removing

All scarcity would end if the government removed subsides and let the petrol market set the price. It would also make refining fuel at home profitable. YES...fuel will cost over N1500 per liter, yes BUhari and tinubu and nigbati nigbati.....but at the end, we cannot sell at a loss and expect miracles. NIgeria is owing 6 billion dollars in unpaid fuel import invoices. That money has to be paid. Meanwhile, APC Has failed to diversify the economy since 2015. And tinubu is doing nowt about it. So, price increase.

It is simple...profit is king. If X is not making a profit selling stuff, he takes his stuff off the market or refuses to sell until his profit making ability is restored


Saying the above means you are a tinubu supporter, apparently, which means that if you do not want to be seen supporting tinubu, you must sell at a loss whatever it is you sell to help the poor.



Subsidy has to go. Government has to stop lying to itself. and to Nigerians. Free fuel era has been over since 1993. We just refused to see it.

Something we naturally have, is what we are paying dearly for. Abomination!