• Latest
  • Trending
  • All
Fuel scarcity- Transport fare increases,independent marketers shut down in Lagos,Ogun

Fuel scarcity- Transport fare increases,independent marketers shut down in Lagos,Ogun

July 30, 2024
Family Clarifies Circumstances Surrounding Allwell Ademola’s Death

Nollywood Mourns as Allwell Ademola Laid to Rest in Lagos

January 9, 2026
Oyo Assembly Speaker Condemns Bandit Attack in Oriire, Sympathises With Victims

Oyo Assembly Speaker Condemns Bandit Attack in Oriire, Sympathises With Victims

January 9, 2026
Trump Warns of Possible Additional U.S. Military Strikes in Nigeria

Trump Warns of Possible Additional U.S. Military Strikes in Nigeria

January 9, 2026
FG Introduces Reforms to Tackle WAEC and NECO Examination Malpractice from 2026

FG Introduces Reforms to Tackle WAEC and NECO Examination Malpractice from 2026

January 8, 2026
Court Grants Abubakar Malami and Family N1.5 Billion Bail in Alleged N9 Billion Money Laundering

Court Grants Abubakar Malami and Family N1.5 Billion Bail in Alleged N9 Billion Money Laundering

January 8, 2026
Ibadan Explosion: Federal Government Released ₦30bn, Not ₦50bn — Makinde’s Aide

Oyo Governor Pledges Strong Response After Bandits Kill Five Forest Guards

January 8, 2026
Anthony Joshua’s Driver Released From Hospital, May Face Charges Over Deadly Lagos–Ibadan Crash

Sagamu Residents Urge Anthony Joshua to Keep Returning Home After Tragic Crash

January 8, 2026
Bandit Attacks in Kogi: Multiple Killed, Several Abducted in Mopamuro Communities

Suspected Bandits Kill Five Park Rangers in Oyo Community

January 7, 2026
Nollywood Actor Yomi Gold Hospitalised in Marrakech Following Sudden Health Scare

Nollywood Actor Yomi Gold Hospitalised in Marrakech Following Sudden Health Scare

January 7, 2026
Abandoned Nigerian Scholars in Morocco Decry Hardship, Seek Government Support

Abandoned Nigerian Scholars in Morocco Decry Hardship, Seek Government Support

January 7, 2026
Lagos Taskforce Arrests 32 for Highway Obstruction and Public Nuisance

Lagos Taskforce Arrests 32 for Highway Obstruction and Public Nuisance

January 7, 2026
UK Police Arrest Two Suspects After Nigerian Man Fatally Stabbed in London

UK Police Arrest Two Suspects After Nigerian Man Fatally Stabbed in London

January 6, 2026
Saturday, January 10, 2026
DriveTv News
  • METRO
  • LATEST
  • NEWS
  • POLITICS
  • ENTERTAINMENT
  • BUSINESS
  • DRIVETV YORUBA
  • SPORTS
No Result
View All Result
DriveTv News
No Result
View All Result
Home BUSINESS

Fuel scarcity- Transport fare increases,independent marketers shut down in Lagos,Ogun

by admin
July 30, 2024
in BUSINESS, LATEST, NEWS
0 0
0
Fuel scarcity- Transport fare increases,independent marketers shut down in Lagos,Ogun
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Nigeria continues to face severe fuel shortages, with numerous filling stations closed across several states, including Abuja, Niger, and Nasarawa. According to Drivetvnews, the few stations that remain operational are experiencing long queues, resulting in significant frustration and traffic congestion in major urban areas.

In Abuja, numerous NNPC and Conoil stations have seen extended lines of motorists, some waiting for hours to purchase petrol. Meanwhile, stations such as Salbas, Gegu Oil, and Eterna have been closed due to a lack of fuel.

Niger State is facing a similar issue, with many filling stations, including NNPC retail outlets, shuttered, leading to long queues at the few stations still open.

In Lagos and Ogun states, only stations owned by major marketers are dispensing fuel, resulting in long lines at many locations. Independent marketers have been unable to obtain fuel supplies, causing their stations to close and transport fares to increase.

At the NNPC Retail outlet in Iyana-Woro, vehicles have formed long queues as drivers wait to buy petrol. While NNPC Retail stations typically sell petrol at prices below N600 per litre in Lagos, the price is currently N617 per litre in Abuja and surrounding areas.

Other stations, such as Heyden in Iyana-Woro, MRS in Alapere, Conoil, TotalEnergies, and Mobil in Alahusa Secretariat, have also experienced long queues, with petrol prices ranging from N617 to N650 per litre.

Drivers unable to wait in line have turned to independent marketers, where prices range between N700 and N900 per litre. The scarcity has led to a rise in black market activity, with petrol being sold at exorbitant rates of up to N1,500 per litre.

Depot operators have reported that they are rationing petrol due to a low supply, and it could take up to a week to return to normal conditions. A depot operator informed The Punch that the situation has not improved as of Monday and that depots are loading fuel at a slow pace due to the scarcity.

Another source suggested that the planned hunger protest could exacerbate the situation. “This scarcity will persist until the weekend because supply disruptions usually take a minimum of one week to resolve. If truck movement is affected by the protest, conditions could worsen,” the source said.

The NNPC has attributed the fuel shortage to issues with the discharge operations of a few vessels. Despite this explanation, the situation has continued to decline. The company has stated that it is working tirelessly with all stakeholders to resolve the problem and restore normal operations.

Many Nigerians remain skeptical of the NNPC’s assurances, given the ongoing scarcity. “We’ve heard these promises before with no change. The NNPC needs to take more concrete action to address the shortage,” said a motorist waiting in line.

The fuel crisis has also impacted businesses, forcing many to close due to a lack of fuel. “We can’t operate without fuel, and it’s severely affecting our business,” lamented a business owner.

Tags: DrivetvnewsEconomicImpactFuelCrisisFuelPricesFuelShortageIndependentMarketersLagosNigeriaOgunPetrolShortageTransportFares
ShareTweetPin
admin

admin

LATEST

Nollywood Mourns as Allwell Ademola Laid to Rest in Lagos

January 9, 2026
LATEST

Oyo Assembly Speaker Condemns Bandit Attack in Oriire, Sympathises With Victims

January 9, 2026
LATEST

Trump Warns of Possible Additional U.S. Military Strikes in Nigeria

January 9, 2026
BUSINESS

FG Introduces Reforms to Tackle WAEC and NECO Examination Malpractice from 2026

January 8, 2026

Categories

  • BUSINESS
  • ENTERTAINMENT
  • LATEST
  • METRO
  • NEWS
  • POLITICS
  • Uncategorized

Recent Comments

    About Us

    Welcome to DriveTv News, your No.1 news vehicle that drives you around with the latest and most comprehensive news and updates from across Nigeria. Our platform is dedicated to delivering timely, accurate, and unbiased news, covering a wide range of topics, including politics, business, entertainment, sports, technology, and more.

    Newsletter

    • Home
    • About Us
    • Contact Us
    • Privacy Policy

    Copyright © 2023. DriveTv News. All

    No Result
    View All Result
    • METRO
    • LATEST
    • NEWS
    • POLITICS
    • ENTERTAINMENT
    • BUSINESS
    • DRIVETV YORUBA
    • SPORTS

    Copyright © 2023. DriveTv News. All

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In