Lagos - Several filling stations in Lagos and other parts of the country remained shut to motorists following a sharp drop in the supply of petrol to the market, Punch reports.
Oil marketers were no longer interested in importing the product mainly because of the rising exchange rate of the dollar to the Naira.
Other factors responsible for the marketers’ action are delayed subsidy payments and rising interests on loans from banks.
Also read: DPR to clamp down stations hoarding petrol
The major marketers import close to 60 per cent of petrol consumed in the country while the Nigerian National Petroleum Corporation imports the balance.
The Chairman, Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Lagos Zone, Tokunbo Korodo, said the depots did not have enough products to serve filling stations across the country.
Read more at Punch
- News 24