Petrol Sells As High As N500 Across Nigeria, People Lament

 

Petrol is currently selling as high as N500 per litre in some parts of Nigeria, according to Nairametrics.

 

The report revealed that fuel now sells for N450 per litre in Uyo, Akwa Ibom state, N300 per litre in Benin, Edo state, N350 per litre in Calabar, Cross River state, and as high as N500 per litre in Port Harcourt, Rivers state. 

 

Port Harcourt resident Tekena told Nairametrics that fuel prices have been rising daily recently. According to him, fuel was sold for N400 per litre at the end of December 2022. But now, the commodity is sold for N500 per litre with black market rates at N700 per litre. There are no signs that the price will reduce anytime soon.  

 

Ijeoma I who resides in Benin told Nairametrics that motorists and business owners who wish to buy fuel at the official price have to queue at the few filling stations that are still selling at the regulated price. But in the end, people have no choice but to buy from other stations at increased prices when they cannot afford to lose hours of productivity.  

 

Calabar-based clergywoman, Mrs Atsu, told Nairametrics that fuel sold for as high as N500 per litre during the 2022 Christmas holiday but is now available for N300 to N350 per litre, depending on the location of the consumer.