As more gas stations opened their doors to vehicles Tuesday, the fuel shortage that developed in Lagos late Monday night began to lessen.
However, the gas stations that sold fuel made adjustments to the fuel dispensers to reflect the higher pump prices.
For instance, at the Heyden filling station in Ilupeju, gasoline sold for N179 per litre as opposed to N169 per litre at the pump before the shortage.
Other independent traders in the state charged between N180 and N195 per litre for the goods.
Marketers assert that the new pump price is a response to a rise in the product’s depot price, which increased from N148.17 per litre to N178 per litre at the private depots.
Checks revealed that some significant NNPCL stations in the metropolis of Lagos closed to vehicles due to a lack of supply.
The Premium Motor Spirit (PMS), often known as gasoline, has seen its pump price rise, according to the Independent Petroleum Marketers Association of Nigeria (IPMAN), Western Zone. This increase is a result of private depot owners raising their depot prices.
Dele Tajudeen, the Western Zone Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), acknowledged the price increase implemented by private depots since last week. According to him, the situation has been made worse by the lack of gasoline at any NNPC depots.
“Since the Nigerian National Petroleum Company Limited (NNPCL) stores are empty, private depots have raised prices as a result.
To keep our business running, our members have no choice but to use private depots.
Due to how the hike will impact both the general public and our profit margins, we are vehemently opposed to it.
For reasons best known to them, several private depots with product willfully refused to sell, according to Tajudeen.
As business drivers and private car owners flocked to gas stations in Ibadan, the capital of Oyo state, for the product yesterday morning, the lines that had started to form late Tuesday night were more obvious.
