Black market petrol dealers in Kano out of business – NAN survey

Most black market petrol dealers in Kano are out of business, following the availability of the product in the state.

A survey by the News Agency of Nigeria (NAN) in Kano and other major towns in the state, showed that most filling stations had the product in stock.

Following this development, several filling stations had reduced the official pump price of petrol from N145 per litre to between N143 and N140 per litre.

Motorists and other commercial vehicle operators, who usually patronise the black marketers, have since stopped, preferring to buy the product at filling stations.

A four-litre gallon of petrol costs between N560 and N570 at filling stations while the same quantity cost between N750 and N800 at the black market.

Hassan Sani, who sells petrol in the black market and operates along the popular Audu Bako Way, told NAN that he would soon switch to another business.

He said before the new price regime, he used to sell up to 75 litres of petrol every day.

“But with the availability of the product now, I can hardly sell one (25 litre) jerry can,” he said.

“Most of my customers have stopped patronising me as the product is available at filling stations, and more so it is cheaper to buy at filling stations,” he said.

Abdul, another black market operator who operates near Pyramid Radio along Audu Bako Way, said he had abandoned the sale of petrol and taken to vulcanizing to survive and cater for him family.

Civil Defence Shoots, Kills Black Market Petrol Seller

A yet-to-be identified female personnel of the Nigerian Security Civil Defence Corps (NSCDC), yesterday shot a black market fuel seller, simply identified as Dijo to death, in front of the Forte Oil located at 21 road area of FESTAC Town, Lagos State.

The NSCDC personnel was part of the task force, who in conjunction with the police, were mandated to restore sanity to 21 road following the chaos created by fuel queue.

Although it was yet to be ascertained why the personnel shot Dijo, it was however gathered that the deceased bled and died on the spot before help could come, even as two other fuel dealers sustained injuries.

Credit: Thisday

Photo Credit: SunOnline

Fuel Scarcity: Black Marketers Source Product From Cotonou

The lingering scarcity of petroleum products in the country which has caused petrol to be sold at between N4,500 and N5,000 per five litres has forced Nigerians to source the product from Cotonou.

NAN reports that the country which is the world’s sixth largest oil producer has been in fuel crisis for more than two weeks.

On Monday, petrol sold for between N4,500 and N5,000 per litre along the Lagos-Badagry Expressway as black marketers claimed they sourced the product from neighbouring Cotonou in the Republic of Benin which is not an oil producing country.

NAN also reports that hundreds of passengers were stranded at bus stops while vehicle owners groaned under the high price of the products occasioned by the ongoing strike by petroleum marketers.

A petrol hawker, who identified himself as Simpson Samuel, told NAN that he bought five litres from Cotonou and resold it for N5, 000 in Lagos.

“I purchased this fuel for 800 Cedis a litre, which is equivalent of N3,500.

“We have been at filling stations along this Badagry road, but we did not get fuel. Some of our colleagues directed us to Cotonou and that is where we bought these ones.

“Many people who have also gone there cannot buy because of the rush by our people,” Samuel said.

NAN reports that in other parts of Lagos, some black marketers sold between N5, 000 and N6, 000.

At a filling station located at the Agric bus top, along the Badagry Expressway, fuel was sold for N300 per litre.

Mr Francis Johnson, General Secretary, Petroleum and Natural Gas Senior Staff Association (PENGASSAN), advised the incoming government to declare a state of emergency in the oil and gas industry.

Johnson attributed the leakages in the nation’s revenue to the importation of refined petroleum products.

He added that the situation was creating jobs for the nations Nigeria was importing the refined product from and causing unemployment for Nigerians.

According to him, the continued importation of refined petroleum products was putting the Naira under pressure and creating social problems for the economy.

He said that there was the need for stakeholders to meet and fashion out a strategy to be adopted in stopping the importation of petroleum products.

NAN reports that the Chairman of Capital Oil, Mr Ifeanyi Uba, had on Sunday promised to release 13 million litres fuel which amounts to of 400 tankers of fuel.

He also promised to release 70 million litres subsequently, while denying knowledge of the ongoing strike by petroleum marketers and tanker drivers.

Uba said it was sad that Nigerians, especially those that provided healthcare service were suffering because of the scarcity.

Meanwhile, banks and other financial institutions have announced that they would close business at 1:00 p.m. because of the situation.

The telecommunications companies have also announced closure of some of their services from today till the situated improves.