Fresh Crisis for Nigerians as Fuel Now Sells for N213 per Litre in Lagos
*Filling stations begin hoarding
By Francis Ugwoke
Nigerians are now clearly in for fresh economic crisis following the rise in fuel price which is now N212.60k per litre in filling stations in Lagos.
The worst aspect is that many filling stations with fuel are not selling apparnetly waiting to create more scarcity and make more gains.
Most filling stations at Ejigbo where NNPC has a major depot are not selling.
Those open for business sell at N212.60 per litre.
A source said that with the current crude oil prices at over $71 per barrel, fuel prices will continue to go up in Nigeria because of the policy of deregulation.
Observers believe that except the federal government intervens as soon as possible, it is expected that in the next few days, prices of goods and services in the market will also go up to reflect the cost of production.
By Francis Ugwoke
Nigerians are now clearly in for fresh economic crisis following the rise in fuel price which is now N212.60k per litre in filling stations in Lagos.
The worst aspect is that many filling stations with fuel are not selling apparnetly waiting to create more scarcity and make more gains.
Most filling stations at Ejigbo where NNPC has a major depot are not selling.
Those open for business sell at N212.60 per litre.
A source said that with the current crude oil prices at over $71 per barrel, fuel prices will continue to go up in Nigeria because of the policy of deregulation.
Observers believe that except the federal government intervens as soon as possible, it is expected that in the next few days, prices of goods and services in the market will also go up to reflect the cost of production.
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