konga Ad Campaign konga Ad Campaign konga Ad Campaign
ADVERTISEMENT
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Tuesday, July 5, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Black market seller in Akure on Wednesday

Black market seller in Akure on Wednesday

Fuel Scarcity: Black marketers take over in Akure, sell N500 per litre

"We can't blame them, we don't have the product, if the product is readily available nobody will sell or buy black market."

byJosiah Oluwole
March 10, 2022
2 min read

As the scarcity of petrol bites harder across the country, the products are now available at the black market at the rate of N500 per litre in most parts of Akure, Ondo State.

Most of the fuel stations are under lock and key and few stations with the product have unending queues.

Motorists who decide to queue for fuel spend all day at stations to get the product.

The Governor of Ondo State, Rotimi Akeredolu, set up a task force last week to monitor the sale of petrol by marketers.

But once the task force started invading the fuel stations and forcing them to sell, the marketers locked up the stations claiming there is no fuel for sale.

The governor had also issued additional measures banning the sale of the product after 7 p.m.

Hakeem Kajola, a driver who spoke to PREMIUM TIMES in Akure on Wednesday, lamented the scarcity, saying that while the product is available in neighbouring states at between N220 and N250 per litre, the product is not available at all in Ondo State.

He blamed the situation on the state government for its high-handedness, saying its action had further worsened the situation.

This reporter met with a seller of the product in kegs who said he bought the product at the filling station for N300 per litre and would only sell at N500.

The seller, who refused to give his name, also said they usually buy the product at night, despite the order by the state government banning the night sale of petroleum products.

“We buy along the express at about 10 p.m. and 11 p.m.,” he said.

“I am looking for more money to buy more.”

Initially, the sellers were concealing the product, but as of Wednesday, many of the sellers were bold to display the kegs of the product by the roadside, especially along Oda Road.

“I have no choice but to buy black market because there is no fuel anywhere and I have to go out,” Olasunkanmi, a resident said

“I started buying N500 per litre last week but this week, some of the black marketers are selling for N400 per litre.

“We can’t blame them, we don’t have the product, if the product is readily available nobody will sell or buy black market.”

Mr Akeredolu, along with the Task Force, stormed Sunbeth Petrol Station, along Idanre Road in Oke-Aro, in the state capital on Monday evening to ensure compliance with the N165 approved pump price.

He did that after receiving information that the station had products and was about selling at N250 per litre.

The governor forced the sale of the product to residents at the control price of N165 per litre.

Meanwhile, the governorship candidate of the Social Democratic Party(SDP) in Ekiti State, Segun Oni, has urged the state governor Kayode Fayemi to constitute a task force to enforce the sale of petrol at the control price in Ekiti.


READ ALSO: Fuel scarcity worsens across Nigeria, grounds economic activities


Mr Oni, who sympathised with the people of Ekiti State on the lingering fuel scarcity that has lasted more than a month, said it was callous for marketers to be selling as much as N250 per litre, instead of N165 regulated price approved by the federal government.

“It was very sad that the government of the state have decided to look elsewhere rather than tackling the problems occasioned by the scarcity,” Mr Oni said.

“One would have expected the governor Fayemi to take the bull by its horns by putting an effective task force in place that would not be bribed by those who deliberately hoarded the commodity in order to make huge profit at the expense of the masses and arrest them.”

He advised the governor to borrow ideas from his Ondo State counterpart, who left the comfort of his office to the fuel stations to ease the problem by force.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket



Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: Call Willie - +2348098788999






PT Mag Campaign AD

Previous Post

Customs intercept 101 drums, 609 kegs of petrol

Next Post

Anambra public libraries in bad shape – Commissioner

Josiah Oluwole

Josiah Oluwole

More News

Governor Okezie Ikpeazu of Abia State [PHOTO CREDIT: okezievictorikpeazu.com]

Abia: Ikpeazu removes local council chairman, swears in deputy

July 5, 2022
Osun State Governor, Adegboyega Oyetola. [PHOTO CREDIT: Official Twitter handle of Mr Oyetola @GboyegaOyetola]

Osun 2022: Sanwo-Olu, Ganduje campaign for Oyetola’s re-election

July 5, 2022
INEC office in Enugu razed down by gunmen

Police order investigation into attack on INEC office in Enugu.

July 4, 2022
Justice symbol used to illustrate the story.

Housekeeper gets two life sentences for raping employer’s daughters

July 4, 2022
foodstuffs

Lagos residents consume N4.5bn food daily – Sanwo-Olu

July 4, 2022
Police officers

Woman allegedly steals neighbour’s 3-year-old child in Anambra

July 4, 2022
Next Post
Governor Willie Obiano of Anambra State

Anambra public libraries in bad shape – Commissioner

Burnt Truck as bandits killed 63 vigilantes in Kebbi state.

18 soldiers killed, two missing, eight injured in deadly Kebbi attack

Leave Comment

Search

AUN-PT Ad




Access Bank Ad







Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,905,368 other subscribers.

Advertisement




netherland biz school Advert



ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • DONATE
  • About Us
  • Advert Rates
  • PT Hausa
  • Dubawa NG
  • Careers
  • Contact Us
  • Digital Store

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.