Fuel scarcity is becoming increasingly evident in Lagos and across Nigeria as private depot owners have raised the ex-depot price of petrol from N630 to N720 per litre. This has led to heightened concerns, particularly in Abuja and surrounding areas, where some filling stations are dispensing petrol for as high as N900 per litre.

Reports indicate that numerous filling stations in Lagos, Ogun, and other states have run out of stock as they resist purchasing the expensive fuel from private depots. Hammed Fashola, National Vice President of the Independent Petroleum Marketers Association of Nigeria, highlighted that many stations remain closed due to lack of fuel, attributing the situation to challenges in sourcing affordable petrol amid soaring prices set by private depots.

Fashola urged the Nigerian National Petroleum Company Limited (NNPC), the sole importer of petrol currently, to provide clarity on the ongoing supply issues. He emphasized that independent marketers are unable to afford the high prices imposed by private depots, which range between N715 and N720 per litre.

The situation has been exacerbated following recent heavy rainfall, which disrupted business activities and transportation across Lagos. Efforts by NNPC to regulate supply to depots, particularly prioritizing Abuja to alleviate initial fuel queues, have further strained availability in other regions.

Meanwhile, concerns are mounting among residents in Lagos and beyond, where queues at petrol stations are resurfacing, reminiscent of the fuel scarcity crisis experienced in May. Despite assurances from officials, motorists continue to face challenges in accessing affordable petrol, leading to frustration and economic setbacks.

As the situation unfolds, stakeholders are urging calm and emphasizing the need for sustained efforts to stabilize petrol supply and pricing across the country.9636+