• 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
US Plans Possible Airstrikes in Nigeria Following Trump’s Directive – Report

US Plans Possible Airstrikes in Nigeria Following Trump’s Directive – Report

November 6, 2025
Kano Governor and Senator Barau Commend Military Onslaught Against Bandits

Kano Governor and Senator Barau Commend Military Onslaught Against Bandits

November 6, 2025
I’ve Been Hallucinating and Bedridden for Over Two Years— Veteran Musician Daddy Fresh

I’ve Been Hallucinating and Bedridden for Over Two Years— Veteran Musician Daddy Fresh

November 6, 2025
Kebbi: Suspected Lakurawa Bandits Kill Three Police Officers

Gunmen kill young man, injure two in Plateau community attack

November 5, 2025
President Tinubu’s 65th Independence Day Speech

Igbo Union Urges Tinubu to Halt Demolitions in Lagos

November 5, 2025
Six Terrorists Killed as Soldiers Attack Borno Base

Six Terrorists Killed as Soldiers Attack Borno Base

November 5, 2025
Nigeria’s Defence Chief Denies Claims of Christian Genocide

Nigeria’s Defence Chief Denies Claims of Christian Genocide

November 4, 2025
US Bombing Will Increase Bloodshed, Negotiation Is the Solution— Sheikh Gumi

US Bombing Will Increase Bloodshed, Negotiation Is the Solution— Sheikh Gumi

November 4, 2025
Gunmen Attack Kwara Community, Kill Three Residents as Villagers Flee for Safety

Terrorists Raid Kwara Community at Midnight, Kidnap Several Residents

November 4, 2025
Student Loan Applications Exceed One Million — NELFUND

Student Loan Applications Exceed One Million — NELFUND

November 3, 2025
MC Oluomo recounts spending N756m during Tinubu’s 2023 campaign

MC Oluomo recounts spending N756m during Tinubu’s 2023 campaign

November 3, 2025
Fani-Kayode Vows Nigerians Will Resist Any U.S. Military Action

Fani-Kayode Vows Nigerians Will Resist Any U.S. Military Action

November 2, 2025
Thursday, November 6, 2025
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
1
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

US Plans Possible Airstrikes in Nigeria Following Trump’s Directive – Report

November 6, 2025
LATEST

Kano Governor and Senator Barau Commend Military Onslaught Against Bandits

November 6, 2025
LATEST

I’ve Been Hallucinating and Bedridden for Over Two Years— Veteran Musician Daddy Fresh

November 6, 2025
LATEST

Gunmen kill young man, injure two in Plateau community attack

November 5, 2025

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