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    Chronicle NG

    Fuel scarcity bites harder as product sells for N2,500/litre

    Opalim LiftedBy Opalim LiftedApril 28, 2024No Comments2 Mins Read
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    NNPCL admits debt to fuel suppliers responsible for queues
    Fuel scarcity and queues
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    Nigerians continue to bemoan the immense hardship they endure as a result of the statewide fuel shortage, which has made conducting business and other activities extremely challenging.

    Commuters in Sokoto state said most filling stations are locked under the guise that they lack product to dispense, while black marketers are selling a litre of fuel between N2,000 and N2,500 across the metropolis, Channels TV reported.

    Some residents, speaking with a reporter, called on the government to intervene to bring the situation under control so as not to degenerate.

    They said the situation has started affecting business activities and making life difficult for people as the black market price of N2,500 per litre is becoming scarce, and this is bringing business and other activities to a standstill in the metropolis.

    Chronicle NG reported that the Nigerian National Petroleum Company Limited (NNPC Ltd) has blamed the fuel queues that have resurfaced in Lagos, Abuja, and other states of the Federation on “logistics issues.”

    • NNPCL blames logistics for fuel queues

    However, NNPC Limited declared that the issues had been resolved.

    “The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is as a result of logistics issues and that they have been resolved,” the company said in a statement on Thursday evening.

    “It also wishes to reiterate that the prices of petroleum products are not changing.”

    NNPCL called on Nigerians to “avoid panic buying as there is a sufficiency of products in the country.”

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    Atletico Madrid mock Barcelona's £100m bid for Alvarez

    Atletico Madrid mock Barcelona’s €100m bid for Alvarez

    May 29, 2026
    Barcelona sign Gordon in £69m deal from Newcastle

    Barcelona sign Gordon in £69m deal from Newcastle

    May 29, 2026
    Principal of Community High School, Esinele, appeals for help in a viral video after gunmen abducted teachers and students in Oyo State

    Abducted Oyo principal begs Tinubu, Makinde, ‘ negotiate, don’t let them waste us’

    May 29, 2026
    Prof. Aminu Gusau speaking during a virtual roundtable on followership studies and accountability in Nigeria.

    PANAFSTRAG: Gusau urges Nigerians to embrace ‘skilled followership’ to deepen accountability

    May 29, 2026
    Surpruchi: Blogger arraigned over defamatory post against Elumelu

    Surpruchi: Blogger arraigned over defamatory post against Elumelu

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