Experts Speak on Unauthorised Fuel Price as Black Marketers Enrich Pockets [Video]

• Selling Premium Motor Spirit (petrol) in jerrycans has been a regular practice in Nigeria
• Experts claim that this is an unlawful petrol trade that demonstrates the government’s lax regulation
• Some black marketers usually close to filling stations charge as much as N1000 per litre

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

In Nigeria, selling Premium Motor Spirit (petrol) in jerrycans has grown commonplace, particularly when the product becomes hard to get in authorized retail outlets. Experts claim that this is an unlawful petrol trade that demonstrates the government’s lax regulatory actions.

BusinessDay investigations have revealed that black marketers, who are primarily positioned near filling stations, sell their gasoline for far more than what the stations sell it for, even though filling stations sell it for between N617 and …