BUSINESS DAY
Businesses across Nigeria are grappling with significant disruptions as a severe petrol scarcity grips the nation. The shortage, attributed to logistics hurdles, has sparked widespread concern and frustration among both consumers and business owners.
In major cities like Lagos, Abuja, and Port Harcourt, long queues have formed at petrol stations, with many running out of fuel entirely, BusinessDay’s findings revealed.
Commuters are also facing extended wait times, as transport costs have surged due to the scarcity. This has resulted in increased fares for public transportation and inflated delivery charges for goods and services.
“I have been out of business for two days because I have not been able to buy petrol,” Uche Adams, a Lagos-based trader, told BusinessDay in a chat on Monday.
This is as BusinessDay’s findings showed that petrol scarcity has remained in the Federal Capital Territory (FCT), creating a boom for ‘black marketers’ who are leveraging the situation to sell petrol for as high as N1,000 per litre.
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