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Majority reports buying petrol at inflated price

12 May 2015, 18:21

Abuja - A majority of Nigerians, up to 90 percent, are buying petrol at a price higher than the official N87 per litre amid the ongoing shortages of the commodity.

This is according to findings of a recent survey a regional polling agency conducted around the country.

NOIPolls established the current average price of petrol across the country was N114 per litre, with the North-East zone recording the highest average price per litre at N129.

More findings revealed a high awareness rate (72 percent) of the fuel scarcity across the nation although a considerable proportion of Nigerians in the South-East zone (47 percent) showed no awareness of the crisis, suggesting a less severe occurrence of the fuel scarcity in that zone.

An evaluation of the effect of the fuel scarcity on Nigerians revealed that 82 percent of respondents, who are aware of the fuel crisis, reported that they have been directly affected by the situation.

Nigerians in this category have mostly suffered an ‘increase in transport fare’ (48 percent) as a direct effect of the fuel crisis; while reporting ‘waste of time on queues’ (17 percent) and ‘increase in expenses’ (17
percent) as other direct effects of the fuel scarcity.

Also read: Abuja sees illegal fuel market flourish amid scarcity

“Though the Federal Government recently announced the full payment of all outstanding subsidy debt owed to the marketers, the long queues at filling stations across the nation still remains unending,” NOIPolls stated.
Fuel scarcity has been a recurrent issue in Nigeria with another round experienced at the end of the first quarter of 2015.

Long queues of motorists resurfaced at filling stations across the nation as importers of the product were said to be handicapped by the delay in the payment of their subsidy arrears.

The opinion poll was conducted in the week of March 24 involving telephone interviews of a random nationwide sample. A total of 1 500 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed.

“With a sample of this size, we can say with 95 percent confidence that the results obtained are statistically precise - within a range of plus or minus 3 percent,” NOIPolls stated.

- CAJ News


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