Black marketers sell 5 litres of petrol for N750 in Ilorin

Date: 2014-03-05

As fuel scarcity continues to take its toll on commuters in Ilorin, the Kwara State capital, black marketers are exploiting the opportunity to inflate the price as a gallon of petrol is now sold between N700 and N750 to desperate consumers.
It was gathered that many of the unofficial marketers adulterated the product to reap undue profit from the proceeds.

City Rove checks showed that some marketers were seen mostly in Maraba during the day while others usually converge at Post-Office during the night with displayed gallons of petrol to draw the attention of prospective buyers.

However, the worsening fuel crisis within Ilorin and its suburbs has compelled  consumers to opt for the black market price since most filling stations including major and independent marketers had shut their gates to customers with a claim that they had run out of stock.

A few of them that sold the product to members of the public on Monday, according to City Rove findings, dispensed it within the prices ranging from N120 and N130 per litre with long queues of cars and motorcycles recorded.
Only NNPC Mega stations and few major and independent marketers sold at official pump price of N97 per litre, it was learnt on Monday.

A visit to the NNPC station (former Mark Petrol station) at Tanke area showed that petrol also known as Premium Motor Spirit, PMS, was dispensed to the users with long queue of cars.

At Fabb Oil &Gas Ltd on the same road, City Rove gathered that a litre of fuel was being sold for N120 around 10:30am when Herald correspondent arrived the station.

Also at Sango road, filling stations such as Okin Oloja and MD Ayoka, motorists were seen allegedly queuing up to procure fuel at unofficial price.

At Maraba area, a black marketer who preferred anonymity told Herald correspondent that he sold a gallon of petrol (mostly five litres) between N700 and N750 and sometimes N800 depending on the desperation of the buyers.
When asked about how he got the commodity, he simply replied, "where do you expect me to get it than the normal place they sold it. We queued for hours in a filling station before we could buy it and you don't expect me to sell at the price I got it".

City Rove however observed that this period has become harvest time for the black marketers as they were seen busy attending to customers.

In a telephone chat on Monday , the Special Assistant to the state Governor on Petroleum Monitoring, Alhaji Lawal Isiaka Amubieya, denied any knowledge of the existence of black marketers of petrol within the Ilorin metropolis.
He said the state government was making frantic efforts to ensure that the situation phased out in no distant time.

The persistent fuel crisis contradicted the claims that the problem, which had hitherto confronted major cities nationwide, would subside with the release of about 100 million litres of the commodity by the Nigeria National Petroleum Corporation.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Bilikisu Oniyangi     Kamaldeen Kehinde     Galadiman Ngeri     Age AbdulKareem     Yoruba     Admiralty Villa     Dapo Teni Nig Enterprise     Surajudeen Akanbi     Zubair Folorunsho Erubu     Jide Oyinloye     Funmi Salau     Abubakar Bature Sulu-Gambari     Iyabo Dupe Adekeye     Offa     Segun Ogunsola     Oja-Oba     Salihu Ajibola Ajia     BIR     Bayo Ajia     Ajayi Okasanmi     Roseline Oni Aremu     Kwara Coalition Of Business And Professional Associations     Ibraheem Abdullateef     Mohammed Haruna     ITEM 7     Women For Change And Development Initiative     Vasolar     Police Commissioner     Ronke Adeyemi     Elewu     Mopelola Abdulmaliq-Bashir     Sa\'adu Salau     Olajumoke Monsura Gafar     Earlyon Technologies     Saka Keji     Innocent Okoye     Ayedun     Young Progressives Party     Oniye     Shuaib Abdulkadir     Amada Jidda     Haliru Yahaya     Theophilus Oyebiyi     Mogaji Aare     TIC     Mashood Dauda     Kwara University Of Education     Oyedepo     Tosho Yaqub     Wahab Olasupo Egbewole     Chief Imam Of Offa     Titus Ashaolu     Yoonus Lawal     Tunji Oyawoye     Micheal Imodu-Ganmo Road     Abdulrosheed Okiki     Kwara State Fish Farmers Association     Christian Association Of Nigeria     Soffiyyallah Kamaldeen     N-Power     Kazeem Gbolagade     Chief Imam Of Omu-Aran     Hydro-electric Power Producing Areas Development Commission     TIIDELab     Osi     Students Union Government     Mustapha Akanbi     Law School Scholarship     Folorunsho Alao     Segun Abifarin     Transition Implementation Committee     Raji Ayodele Kamaldeen     Ajike People Support Centre     Abdulazeez Uthman     Moshood Mustapha     Saad Omo Iya     Olaiya Zuberu    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Aliyu Adebayo     Bola Sagaya     Kayode Ogunlowo     Yeketi     Makama Of Ilorin     Aliyu Sabi     Alao Ayotunde     Hausa     Coronavirus     Sadiq Umar     Mahmud Ayinla Giwa     Amusement Park     Wahab Agbaje     Adam Abdullahi Al-Ilory     Tunde Saad     Oniye     Modupe Oluwole     Royal FM     Abdulfatah Ahmed     KWAFFA     Sango-UITH Road     Owode Market     Ilorin Emirate     Lawal Olohungbebe     Isiaka Oniwa     Na\'Allah     Government High School Adeta     Bolakale Saka     Muhammad Fawaz Abubakar     KWASSIP     AbdulRazaq Jiddah     Afolasade Opeyemi Kemi     Ado Ibrahim     Emir Of Lafiagi     Adamu Ibrahim Sabi     Jimoh Lambe Abdulkareem     Kwara University Of Education     Olayinka Are     Jebba     Abegunde Goke     Raliat AbdulRazaq     Otuka     Funmilayo Zubair     Aliyu Muhammed     Tsaragi/Share     Ahman Pategi     Opaleke Bukola Iyabo     Susan Modupe Oluwole     Umaru Saro     Salaudeen Oyewale     Balogun-Ojomu     Okoolowo     Abubakar Aliagan     Al-Ilory     Ajidagba     Abdulrahman Abdulrazak     Isiaka Saka Opobiyi     Ibrahim Abikan     Kunle Okeowo     Abdulwahab Oba     Ayo Salami     Babajide Ajayi     Abdulkadir Orire     Kwara State Coalition Of Business And Professional Associations     Fulani     Ayobami Seriki     Mope Dasuki Belgore     Magaji Erubu     Jawondo     Afolabi-Oshatimehin Adenike Harriet     NIRSAL     Sheikh Ridhwanullah     Samuel Adedoyin     Olatomiwa Williams     Zubair Folorunsho Erubu     Hassanat Bello     Sheikh Hamzat Yusuf Ariyibi