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The scarcity of Premium Motor Spirit (PMS), resurfaced in some parts of Nigeria, noticeably Abuja and Lagos, have compounded the woes of Nigerians
The scarcity of Premium Motor Spirit (PMS), resurfaced in some parts of Nigeria, noticeably Abuja and Lagos, have compounded the woes of Nigerians. They are currently battling a lack of a healthy diet due to rising inflation, forex challenges to do business, and poor electricity supply amidst rising insecurity across Nigeria.
According to some reports, the situation is fast becoming worse amidst poorly planned subsidy removal as most fuel stations were shut. Fuel stations that managed to open were greeted with long queues in some of the cities. Black marketers dispensed fuel for as much as N1000 per litre largely in the Federal Capital Territory.
This current scarcity is coming after a series of outcries by fuel marketers, who had insisted that fuel subsidies had returned on PMS as the government uses the NNPCL to manage and monopolize the market. At the headquarters of NNPC in the Central Area of Abuja, black marketers were dispensing about N1000 per liter while a few private outlets sold for N649 per liter. It will take at least 30 minutes before patient motorists can access the pump.
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Petrol marketers had raised concerns about the downturn of deregulation of the downstream sector in the country’s oil and gas industry, insisting there is a need for the Federal Government to make foreign exchange available at a subsidized rate.
