Fuel scarcity bites hard in Ibadan as a litre sells for N120

– Fuel scarcity bites harder in Ibadan, the Oyo state capital

– A litre of petrol goes for sale between N110-N120

A motorcyclist in search for fuel with his jerrycans

A motorcyclist in search for fuel with his jerrycans

 

The recent fuel scarcity has forced an increase in the pump price of the product in Ibadan, Oyo State capital, as it is now selling at N120 per litre.

According to The Nation, most filling stations are  still closing their gates to motorists for the fifth day, the few that sold the product on Sunday, February 28, witnessed long queues of motorists, who struggled to buy the product.

In most areas,

The scarcity forced the price of the product to sell between N110 and N120 per litre, yet motorists queued up to buy.

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The few stations selling the product at the high price were independent marketers.

But all BOVAS filling stations kept to the official price of N65.50k though its supplies fell short of demand by motorists.

An independent marketer, who pleaded anonymity, said the scarcity was a mark of the lingering problem in the oil sector adding that the sector requires policy reform and transparency.

Meanwhile, the fuel scarcity has affected hundreds of as most of the filling stations in the city centre are locked up in keys.

The post Fuel scarcity bites hard in Ibadan as a litre sells for N120 appeared first on Nigeria News today & Breaking news | Read on NAIJ.COM.

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