The Nigerian National Petroleum Company Limited (NNPC) attributes the crisis to supply chain disruptions caused by adverse weather conditions and logistical challenges. Commuters report transport fares have surged by 20 per cent, and many are turning to black market sellers, who charge as much as N1,300 per litre, exacerbating the situation further
Petroleum products marketers have called on the Nigerian National Petroleum Company Limited (NNPC) to resolve the ship-to-ship loading challenges that is creating a supply gap for Premium Motor Spirit (PMS) called petrol, in the country.
The challenge has created bottleneck leading to long queues at petroleum dispensing outlets in Lagos and neighbouring states as this has also triggered profiteering among marketers and resurgence of black market.
