A Review of the Nigerian Energy Industry

Fuel scarcity: Petrol sells for N200 a litre in C-River

Johnbosco Agbakwuru

04 December 2012, Sweetcrude, CALABAR—LONG queues have returned to filling stations in Cross River State as fuel scarcity bites hard especially in Calabar, the state capital.

A litre of Premium Motor Spirit, PMS, which was sold at N120 by independent marke- ters and the approved pump price of N97 in stations owned by major marketers two weeks ago now sells between N160 and N200 by independent marketers, while black market sells at N300 per litre.

And it is now easier to buy the product at black market.

As at weekend, apart from North West Petroleum at the Parliamentary extension that had the product and sold at the approved price of N97 with a very long queue, other major marketers in the state capital did not have the product while the independent marketers sold at N200.

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