Pin Nigeria has been experiencing a fuel scarcity crisis that has led to:
Rising prices
The Nigerian National Petroleum Company Limited (NNPC) has increased prices, causing petrol to cost as much as N897 per liter.
Long lines
Filling stations in major cities like Lagos and Abuja have long lines, and many stations are out of fuel.
Panic buying
Nigerians have been panic buying fuel.
Increased transportation fares
The scarcity has led to a sharp increase in transportation fares, especially for commercial bus drivers.
Higher cost of goods and services
The fuel scarcity has led to a significant rise in the cost of goods and services.
The NNPC has blamed the scarcity on its debt to suppliers of imported refined fuel. The NNPC is the only importer of PMS, and some say that independent marketers have been unable to import it.
Some other factors that have contributed to the fuel scarcity include:
A disagreement between the NNPC and its members
Marketers blaming the NNPC and seeking government help
A protracted row between the NNPC and Nigerian authorities
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