In The Face Of A Fuel Shortage, Gasoline Marketers Are Raising Pump Prices.

According to an oil marketer, the fuel shortage issue will last until the early part of next week.Despite the fact that the official price of petroleum in Nigeria remains at N165 per litre, Nigerians are currently paying more as a result of fuel shortages in numerous locations across the country. The situation arose after the Independent Petroleum Marketers Association of Nigeria (IPMAN) implemented a new pricing system over the weekend, claiming that selling at the official price is equivalent to losing money.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) confirmed this in a statement by its Lagos State Depot (LSD) Secretary, Akeem Balogun, who said, “With the current price, there is no way we can sell less than N180 per litre. “Members are advised to sell at a price that is sustainable in their environment.” Just double-check the pricing on your pump.

“On Monday, June 20, 2022, the development caused a fuel shortage in Lagos, leaving commuters stuck across the state due to the lack of commercial cars.

Many independent fuel stations were closed, and those that reopened had long lines of commercial truckers, motorists, motorcyclists, and jerrycan-carrying persons who needed gasoline to operate their machines.Long lines at gas stations clogged Ikorodu Road, Ikoyi, Ikeja, Airport Road, Oshodi, Ejigbo, Egbeda, Ikotun, and Igando, forcing many people to travel to their destinations.

Fuel shortages were also reported in Abuja, Akure, Ado-Ekiti, Abeokuta, Jos, and other places.

Fuel shortages were also reported in other cities across the country, including Abuja, Akure, Ado-Ekiti, Abeokuta, Jos, and many others.In addition to IPMAN’s explanation, a source from the Major Oil Marketers Association of Nigeria (MOMAN) told TheNation that the scarcity was caused by a supply chain disruption.When there is a disturbance in the supply chain, according to the anonymous insider, it “takes an average of approximately two weeks to get it back to normal.”

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