The lingering scarcity of Premium Motor Spirit (PMS), otherwise called petrol, has persisted in the Federal Capital Territory (FCT) and other hinterland states despite the receded floodwater in Lokoja, the Kogi State capital, which was initially blamed for the scarcity.
The situation has lasted for more than 30 days in the country’s capital city, Abuja, and in some cities majorly in the North.
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Although the federal government had attributed the scarcity to flooding, which cut off fuel transporters and other commuters on the Lokoja highway, indications have also emerged that there are other factors responsible for the lingering situation.
Starting from the first week of October, commuters in Abuja got the indication of a looming petrol scarcity as various retail outlets gradually ran out of the product, while some that had it began an upward price adjustment.
Soon, black marketers resurfaced in the streets of Abuja, selling at N250 per litre initially before it rose to N350 at the prevailing rate. At the initial period, some marketers told Daily Trust on Sunday that there was a drop in loading at the depots, mostly located in Lagos and Warri in Delta State, among other coastal areas.
Read more: https://dailytrust.com/real-reasons-behind-nigerias-unending-fuel-scarcity
