By Correspondent in Lokoja.
Motorists and other users of fuel on Monday in Lokoja, kogi state, bought a litre of fuel at N500 at black market, as the scarcity of the product remained unabated, The Reporters reports.
Investigation by the online publication showed that in few filling stations where fuel is being sold, it was between N250 and N300 per litre at black market as at the time of this report.
The official pump price of a litre of fuel in Nigeria is N165.
Our Correspondent reports that the critical situation has forced many private car owners to park their vehicles in preference for commercial transportation, a development that has hiked intra and inter transport fare by almost 100 per cent.
The development has also registered multiplier effects on food items, goods and services with increase in prices in the area.
Some members of the the public who spoke with our Correspondent urged government to speed the process of returning the nation to constant fuel supply,to ease its negative effects on the social and economic life of the people.
The management of the NNPC has, however, assured the nation that the scarcity would end this week, adding that that every effort is being made to pump adequate fuel to filling stations.
The organisation traced the scarcity to the bad fuel imported to the country by some organisations and the bid by to sanitize the situation.
Edited by Dada Ahmed.
