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Fuel Rises To ₦‎1,300/Litre As Depots Run Dry - Politics - Nairaland

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Petrol Price Seen Hitting ₦‎1,300/Litre On NNPC Cash Crunch / Petrol Scarcity Looms As Depots Shutdown / DPR: Nigeria’s Oil Reserves Will Run Dry In 49 Years (2) (3) (4)

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Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by adenigga(m): 12:57am On Jul 29
Many depots for Premium Motor Spirit, popularly called petrol, are currently dry, leading to fuel scarcity and attendant queues in Lagos, Ogun, parts of Abuja, Niger, and some other states across the country.

The PUNCH reports that black marketers have taken advantage of the situation, selling as high as N1,300 per litre and N1,500 per litre in parts of Lagos and Ogun states.

Long queues started building up at fuel stations in Abuja and Lagos on Friday and have persisted.

On Saturday, while reacting to the long queues and scarcity in some parts of the country, the Nigerian National Petroleum Company Limited said the tightness in fuel supply and distribution was caused by a hitch in the discharge operations of a couple of vessels.

“The NNPC Ltd wishes to state that the tightness in fuel supply and distribution witnessed in some parts of Lagos and the FCT is as a result of a hitch in the discharge operations of a couple of vessels,” the NNPC Chief Corporate Communications Officer, Olufemi Soneye, said.

The company added that it was “working round the clock with all stakeholders to resolve the situation and restore normalcy in the operations.”

However, despite the assurance by the NNPC, the situation worsened as checks by our correspondents nationwide on Sunday showed that there were long queues at several filling stations across major cities.


No loading at Apapa

The PUNCH gathered that there was no loading of trucks in the Apapa depots as of Sunday.

A depot operator, who did not want his name in print, told our correspondent that there was no fuel in almost all the depots on Sunday after the little available was supplied on Saturday.

The source confirmed that the depots are dry, saying “supply gets late thereby affecting product load out.”

It was observed on Sunday in Abuja, the capital city that while the few filling stations that dispensed the product sold it at between N660/litre and N800/litre, black marketers took advantage of the scarcity to hike the price to about N1,200/litre, depending on the area of purchase.

This came as oil marketers revealed that they were also queuing up to load petrol, adding that most depots lacked stock to sell.

“We, marketers, too are surprised that we couldn’t get fuel as we used to get at depots. We were worried too; we didn’t know the cause until the NNPC came out with a release on Saturday. Let’s just believe what the NNPC said, that they would arrest the situation,” the National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, told one of our correspondents.


“I believe that within this week, everything will be normalised by the time they push products to the depots for marketers to pick from. Ours is to pick from the depots, take it into our stations, and dispense to the public. But for now, most of the depots are dry. The implication of that is that the stations will be dry too. Most of our members have run out of stock. That is the cause of the queues we are experiencing now,” Fashola added.

He noted that marketers were still buying PMS “at a price that is above N700/litre from the private depots.”

“We are not yet getting direct supply from the NNPC as we are supposed to. What we are getting is so small compared to our population. That is why we are forced to go to the third parties, the private depot owners, and they are not helping matters with the kind of price they are putting out there.

“That is why independent marketers sell around N800 or so. Until we address this issue of direct supply, there will be issues. We keep shouting to the NNPC to look at that area properly because something is fundamentally wrong with our distribution channel and until they correct that, we will continue to have this issue of fuel scarcity.”

On his part, the Executive Secretary of the Major Energies Marketers Association of Nigeria, Clement Isong, also confirmed that there had been low stock but could not tell when the situation would improve.

“The problem is that the stock is low because there have been some challenges in bringing the product into the country from the vessels. We are all queuing up for products, everybody is looking for the product from the NNPC. Only the NNPC knows when normalcy will be restored. It is the sole supplier,” he stated.

The spokesperson for the NNPC, Olufemi Soneye, did not respond to inquiries on Sunday on when the fuel supply situation would improve up till when this report was filed.

N1,500/litre in Ogun, Lagos

Our correspondents who visited parts of Lagos and Ogun states on Sunday reported that many fuel stations did not open for business while the handful that opened had long queues of vehicles and people buying in jerrycans. Black marketers had a field day selling to impatient motorists at between N1,200 and N1,500 per litre, depending on the location.

A bus driver, Elijah Sunday, who spoke to one of our correspondents at the Ketu motor garage in Lagos, lamented the struggle to get PMS.

“We have been finding it hard to get fuel for the past couple of days and it’s expensive, so, we had to increase the rates,” he said.

A minibus driver plying the Eko Hotel-CMS route in Lagos insisted on N300 instead of N200, citing the fuel scarcity.

Fuel queues were observed at PM Petroleum at Cele Bus Stop along the Oshodi-Apapa Expressway. At the North West filling station close to CharlyBoy Bus Stop at Gbagada, Lagos and the NNPC station at Ogudu, there was a long line of vehicles.

At Petrocam, a filling station in Ajao Estate, Lagos fuel sold for N780 per litre.


The PUNCH observed that there was a long queue at the NNPC station along the Cele Expressway, where the pump price was set at N568 per litre.

One of our correspondents gathered on Sunday that a litre of PMS was sold at N1,200 in Ipokia, a border community in Ogun State.

Similar scenarios also played out in some residential areas in Abuja where black marketers sold their fuel at between N1,000/litre and N1,200/litre.

Residents of Idiroko, Ajegunle, Maun, Ijofin, Agosasa, Madoga and other areas in the Ipokia Local Government in Ogun State said they now patronise black marketers, following the ban on fuel supply in border areas.

“You know we have about four filling stations servicing the entire local government area because we are in the border areas. They sell at N870/litre now while black marketers sell at N1,200/litre. That is our punishment for living at the border,” a resident, Sam Adegoke, stated.

Many of the filling stations in the Ogun State capital didn’t sell the product, and some who did, exploited desperate buyers, who paid as much as N1,000 before they had the product sold to them.

Similar case in South-South

In Benin City, the Edo State capital, motorists queued for long hours to purchase fuel at the NNPC mega station on Sapele Road and NIPCO in the Jattu area in Auchi.

The long queues at the NNPC station are a common occurrence as the product is sold for N591 per litre, the cheapest in the state.

In other stations in Benin, a litre of PMS was sold for between N750 and N800.

Northern black marketers

In Gombe, fuel sold between N850 and N1,000 across major stations, while black marketers made brisk business, selling for N1,250 per litre as frustrated motorists resorted to buying the product from them following the scarcity.

“You may think that the amount sold by the roadside people (black marketers) is expensive until you are in a fix and you can’t access a filling station with petrol, then you will be left with no option but to patronise them despite the ridiculous amount,” a motorcyclist, Usman Abubakar, told The PUNCH.

Motorists in Jos, the Plateau State capital, expressed concern over the persistent scarcity and high cost of the commodity, saying that the situation had worsened the economic hardship.


Black marketers in parts of Jos sold for N1,300/litre.

A motorist, Philip Gyang, said he had been in the long queue at the NNPC filling station along Dogon Karfi Road for over four hours but couldn’t get the product to buy.

“At the black market I paid N1,300 per litre before joining the queue at the NNPC outlet, where I eventually couldn’t get to buy,” Gyang lamented.

A Jos resident, Margaret John, said the scarcity had further increased the cost of living in the state.

“Can you imagine that I paid N500 from Polo Roundabout to Anguldi, when I was going to the church today (Sunday). When I was returning home, the driver insisted that I paid N700, it’s not funny. People are already complaining about the harsh economic conditions, now the fuel scarcity and high cost are worsening the situation.”

A car owner in Minna, the Niger State capital, said he had abandoned his car at home over fuel scarcity and skyrocketing prices.

“Yes, I have a car but I am not using it now. How many litres of fuel will I buy to be able to come to work? But with two or three litres of fuel, I can come to work on my motorcycle. It is not easy but it is cheaper. This government must act fast, Nigerians are suffering,” a state civil servant, who identified himself simply as Mutum, said.


Also, queues resurfaced in Katsina and Taraba states.

Our correspondents report that Katsina and Jalingo, the capital of Taraba, witnessed long queues in various parts of both cities on Sunday.

A motorist, Mallam Abdulrazakk, said he spent over five hours at the Abukur NNPC mega station, located on the outskirts of Katsina metropolis, without success.

“I was here before 8 am and now it is 1:40 pm and still in the queue, only Allah knows when I will be given fuel today (Sunday). I’m waiting.”

In parts of Yola, the Adamawa State capital, black marketers sold PMS for between N1,000 and N1,200.

“At the black market we buy between N1,000 and N1,200 per litre, so, we need to jack up the fare to enable us to stay in business,” a commercial bus driver said.
Source: https://punchng.com/Fuel-rises-to-N1,300/litre-as-depots-run-dry

1 Like 1 Share

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by chiiraq802(m): 1:12am On Jul 29
na 1 chance government we dey like this.

135 Likes 11 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Abee79(m): 1:16am On Jul 29
I'm sure it's all a misunderstanding. APC and their supporters have an explanation (as usual) for the mix-up, as they are not usually affected by such trivial issues 🤔

106 Likes 6 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by stonemasonn: 1:29am On Jul 29
The incompetence in NNPC is staggering.
It is time to clear out Buharis boys from NNPC.

70 Likes 13 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Zaheertyler(m): 1:55am On Jul 29
Not a good time for this kin wahala
But isn't it funny how the government can borrow money for things we can't explain
But no plans for the youths
They can't even borrow money at least for youth empowerment even if it's fake let's us see something
Which one is Lagos to calabar coastal highway

94 Likes 7 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Horus(m): 2:03am On Jul 29
The oil mafia is trying to sabotage the Dangote refinery project

18 Likes 1 Share

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Vergovert: 2:05am On Jul 29
Government's fruitless efforts to stop the protests.


They are already jittery of the protests that is still on the way.

136 Likes 8 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Efuaye(m): 2:23am On Jul 29
I bought at the filling station at #820 on Sunday afternoon.
When people are already boiling with anger over the hunger in the land, the government decided to add jara with this latest fuel scarcity!

104 Likes 9 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Aremwayne: 4:08am On Jul 29
The fuel is expensive and doesn’t even last anymore. Currently buying at 850 per liter, I don’t drive around anyhow these days. grin

46 Likes 8 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Throwback: 4:11am On Jul 29
stonemasonn:
The incompetence in NNPC is staggering.
It is time to clear out Buharis boys from NNPC.

Tinubu was very foolish for not cleaning house there when he assumed power.

But sometimes you need people to feel the incompetence, so there will be no protests when you eventually swing in with the wrecking ball.

80 Likes 5 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by MrEverest(m): 4:33am On Jul 29
Look at the madness going on in Nigeria, all caused by the bastard called Tinubu. Yet some fools are saying Nigerians shouldn’t protest?!

110 Likes 13 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by hisgrace090: 4:52am On Jul 29
Deports runs dry
No imported fuel
No Dangote fuel, do we still have leaders in Nigeria today.

47 Likes 6 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by helinues: 4:54am On Jul 29
Toh

1 Like 1 Share

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Kaycee9242(m): 5:11am On Jul 29
This administration is simply demonic and wicked.

60 Likes 4 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Racoon(m): 5:26am On Jul 29
The effects of the Dangote Refinery versus the disastrous and corrupt Tinubu’s led APC government is still unfolding. Brace for more impact people.

27 Likes 1 Share

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Olamideayomide(m): 5:31am On Jul 29
Nigerians over to you.

The forces that are working against this country is not from this planet earth. Lemme consult my IFA for the solutions to our problems. All of us will learn in hard ways.

17 Likes

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Emzedz: 5:38am On Jul 29
Tinibu is d minister of petroleum. Incompetent old man.
#endbadgovernance

36 Likes

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by pointblank247(m): 5:39am On Jul 29
There was a country

7 Likes

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by nairalanda1(m): 5:41am On Jul 29
Here is the issue

It costs N1300 to bring petrol into the country, yet the Tinubu government insists on making it sell for N700 and less at the filling stations.

And you people expect there to be NO SCARCITY?

If we had removed oil subsidy in 1993, or even 2011...the last best time to have done it...none of this contraindications would have happened.

Over 700 million monthly goes on this abomination , and our debt is rising again. Haba.

74 Likes 1 Share

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by nairalanda1(m): 5:43am On Jul 29
If you want queues and scarcity to end, let the marketers charge petrol at market price

Simple and short

Yes, it means fuel would cost N1800 per liter by now, and nigbati, tinubu and buhari are evil people, etc, .....but other countries around us pay just as high, and in the case of some of them like Ghana and Niger produce crude oil

Ghana has economic crisis


https://www.youtube.com/watch?v=br6fLenpRfk

yet fuel costs N1600 per liter there

And they HAVE NO QUEUES

And they got two working REFINERIES AND CRUDE production.

Same for NIger.

51 Likes

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Nice2023(m): 5:58am On Jul 29
nairalanda1:
If you want queues and scarcity to end, let the marketers charge petrol at market price

Simple and short

Yes, it means fuel would cost N1800 per liter by now, and nigbati, tinubu and buhari are evil people, etc, .....but other countries around us pay just as high, and in the case of some of them like Ghana and Niger produce crude oil


What is their minium wage bros?

Stop comparing one aspect alone...let us balance it. What is the least they pay their workers?

Ghana has economic crisis


https://www.youtube.com/watch?v=br6fLenpRfk

yet fuel costs N1600 per liter there

And they HAVE NO QUEUES

And they got two working REFINERIES AND CRUDE production.

Same for NIger.
Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Nice2023(m): 5:59am On Jul 29
nairalanda1:
If you want queues and scarcity to end, let the marketers charge petrol at market price

Simple and short

Yes, it means fuel would cost N1800 per liter by now, and nigbati, tinubu and buhari are evil people, etc, .....but other countries around us pay just as high, and in the case of some of them like Ghana and Niger produce crude

Ghana has economic crisis


https://www.youtube.com/watch?v=br6fLenpRfk

yet fuel costs N1600 per liter there

And they HAVE NO QUEUES

And they got two working REFINERIES AND CRUDE production.

Same for NIger.



How much is their minimum wage?

20 Likes 2 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Savenigeria2023: 6:03am On Jul 29
Make no mistake about it,

As a Nigerian, you have to fight or die… protest is only a start.

The folks at the corridor of power will rather die than release the fangs on the common wealth

31 Likes 5 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by NaijaCowFarm: 6:09am On Jul 29
Incompetent Tinubu created the monster that is about to swallow him and his unfruitful government.
So much about Emilokan nonsense.

20 Likes

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Blazetrailer: 6:18am On Jul 29
Lol...Oponu is still blaming Buhari...when Tinubu is the true definition of incompetence



stonemasonn:
The incompetence in NNPC is staggering.
It is time to clear out Buharis boys from NNPC.

14 Likes 2 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by mytime24(f): 6:19am On Jul 29
Even wit d remover of fuel subsidy

Fuel sti dey scarce 😳🤔

12 Likes

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by nairalanda1(m): 6:19am On Jul 29
Nice2023:




How much is their minimum wage?

About the same as ours

Plus, the reason why we have scarcity is that we sell someting that costs 1300 at N700 and below.

Minuium wage does not come into it.

4 Likes

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by HitRun(m): 6:22am On Jul 29
Nigeria is in serious trouble. This time around, political gimmicks won’t cut it. Only serious capable leadership can make a difference as it is.

17 Likes 1 Share

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Great2017: 6:25am On Jul 29
stonemasonn:
The incompetence in NNPC is staggering.
It is time to clear out Buharis boys from NNPC.

You are still clearing out Buhari's boys after one year of Buhari's exit. Keep deceiving yourself.

10 Likes 2 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Ezmans: 6:30am On Jul 29
helinues:
Toh
your failed APC is adding fire to the burning fire

13 Likes 1 Share

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Righthussle: 6:31am On Jul 29
Tinubu has failed

His spoilt daughter was saying "how can my daddy fix the country under 2 year?"

As a true Nigerian, I'll answer her question with another question

O girl, but your father can destroy the economy under 2 years?

36 Likes 7 Shares

Re: Fuel Rises To ₦‎1,300/Litre As Depots Run Dry by Usefulsense: 6:31am On Jul 29
When we say a cleaner abroad lives a better life than the regional manager of zenith bank, this is part of what we mean.

35 Likes 5 Shares

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