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Fuel Scarcity: Marketers resort to night sales, hike price to N350 in Rivers

GoldenNewsNG by GoldenNewsNG
January 11, 2024
in business, Featured, Headline
Reading Time: 1 min read
Fuel Scarcity: Marketers resort to night sales, hike price to N350 in Rivers
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Fuel Scarcity: Black Marketers resort to night sales, hike price to N350 in Rivers state

GoldenNewsNg gathered that the petroleum product is sold at some filling stations at N250 as against the N162 approved pump price, while black marketers sell between N300 and N350 in Rivers state.

The development on Wednesday resulted in a sudden increase in transportation fares.

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Distances that cost N50, on Wednesday skyrocketed to N100, causing panic among commuters and workers in the state.

However, some of the petrol filling stations which have remained locked, according to sources could be as a result of hoarding of the products.

Some other stations in the state have resorted to only night sales, commencing sales at 5:00 pm.

It was gathered that the filling stations that open late in the evening are involved in lots of sharp acts, raging from selling far above the approved pump price and collecting commission to sell to black marketers.

 

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