Petrol sells for ₦155

Follow us on Social Media

Social sharing

By Tukur Muntari/Kano

Some marketers in Kano State have increased petrol price from the official N145 per litre to between N153 and N155 per litre.It is even more expensive in the black market, selling at between N850 and N900 per four litres.

The News Agency Nigeria (NAN) reports that the situation is worse outside the state capital as a litre of the commodity in some local government areas of the state now cost more than N155.

A correspondent of NAN who went round the city of Kano on Monday, reports that while most of the filling stations remained closed, the few ones that were operating had long queues of vehicles.

Following the development, socio-economic activities have been partially paralysed, especially in the state capital.

Black marketers in the city have started exploiting the situation by increasing their prices from N750 per four litre gallon to between N850 and N900 for the same quantity.

Commercial tricycle operators had also increased their fares from the usual N50 per drop to between N80 and N100 per, drop depending on the distance.

NAN recalls that the scarcity started on Friday when Kano residents found most of the filling stations closed.

The marketers were said to have closed the filling stations in anticipation of fuel price increase which had since been denied by the Federal Government.

READ ALSO  The True Vine: Can the branch bear fruit when it is cut off from the tree?

The Chairman of Independent Petroleum Marketers Association (IPMAN), Alhaji Bashir Dan-Malam, could not be reached as his mobile phone was not going through.

Paul Jehzi, spokesman of the Department of Petroleum Resources (DPR) in Kano State, said a task force to check hoarding and sale of fuel above the approved price of N145 has been constituted.

According to him, the task force had started going round the filling stations to check the excesses of some of the marketers who are bent on causing artificial scarcity in the state.

Leave your comment on this post

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

The economic crisis and hardship in Nigeria are parts of the discussion.


Watch, leave your comments, and share to create more awareness on this issue.


#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
READ ALSO  APGA National Youth Leader, Comr Onyebuchi Chukwu Declares War Against Joblessness, Organises Free Skill Acquisition For Youths

www.9newsng.com

Leave your comment

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel
About 9News Nigeria 13337 Articles
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: info@9newsng.com Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng

Be the first to comment

Leave a Reply