Bosman Business World

News and Research => Business => Topic started by: Dev Sunday on 2024-07-31 04:42

Title: Fuel Crisis in Lagos
Post by: Dev Sunday on 2024-07-31 04:42

- Lingering Crisis: The fuel crisis in Nigeria persists despite vessels berthing at Lagos ports.
- Queue and Supply Issues: Queues at fuel stations in Abuja and Lagos persist, and many petrol depots are dry, leading to fuel scarcity ยน.
- Black Market: Black marketers are taking advantage of the situation, selling fuel at high prices, up to N1,300 per liter and N1,500 per liter in parts of Lagos and Ogun states.
- NNPC Response: The Nigerian National Petroleum Company (NNPC) has stated that the tightness in fuel supply and distribution is due to a hitch in the discharge operations of a couple of vessels, and they are working to resolve the situation.
- Vessel Berthing: 16 ships, including two petrol vessels, are awaiting berthing at Lagos ports, according to the Nigerian Ports Authority.

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