Petrol Price Further Increase ahead of Protest as Scarcity Persists [Video]

• Because of the current fuel crisis, the “black market rate” has soared to between N1,300 and N1,600 per litre
• Many people are finding it unaffordable to purchase the necessary petroleum as a result of the circumstances
• Fuel marketers claimed that the present scarcity is due to supply problems as IPMAN is unable to get the product

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

Due to the present fuel shortage, the black market rate has increased to N1,300–N1,600 per litre, making it unaffordable for many people to buy the petroleum they require.

According to reports, some gas station staff charge up to N2,000 before helping customers at various filling stations, making the crisis profitable.

Petrol scarcity hits hard

The situation remains dire as Nigerians grapple with the harsh realities of the fuel …