Fuel: Black market thrives in Kwara, Oyo

Date: 2015-05-03

The worsening fuel scarcity has increased the activities of illegal petrol sellers, otherwise called black market, in Ilorin and environs of Kwara State.

The Punch correspondent who monitored the development in Ilorin, the Kwara State metropolis on Saturday observed that business was booming for the illegal petrol sellers around Post Office Area, Railway Area, and Eyinkero.

It was observed that the illegal petrol sellers now sell a jerry can of petrol which previously sold at N3,000 for N6,000.

There were very long queues of motorists and buyers in a few petrol stations that were still selling petrol in Ilorin.

Also frustrated buyers sat down at some of the filling stations that were not selling in the hope that they could start selling.

The scarcity of fuel paved way for light traffic on most of the roads in the state capital as many car owners either stayed indoors or did not go out with their cars.

Transport fares have also risen to between 75 per cent and 100 per cent depending on the passengers' bargaining power.

Many commuters and motorists decried the attendant hardship and called on the appropriate government agencies to quickly address the situation.

Meanwhile, the fuel scarcity has resulted in a sharp increase in pump price of the product in Iseyin Council Area of Oyo, from the official price of N87 per litre to N250.

A survey by the News Agency of Nigeria on Saturday indicated that while most of the filling stations in the town were closed due to non-availability of the product, few that had it sell from N240 to N250 per litre.

Some motorists, who spoke with NAN in separate interviews, described the development as "unfortunate", saying government should find a lasting solution to the problem.

One of them, Olorunwa Emmanuel, said he spent over four hours at a filing station to buy the product at exorbitant price.

Another vehicle owner, Saburi Ikotun, said he hoped that the marketers would start importing the product since the Federal Government had announced that it had settled their entitlements.

Source

 

Cloud Tag: What's trending

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

Malete     Olatunde Jare     Kehinde Boyede     Abdulmumini AbdulRazaq     Abdullahi Imam Abdullahi     Omupo     Isiaka Gold     Ilorin Metro Park     Aishat Sulu-Gambari     Pius Abioje     Raliat AbdulRazaq     Toun Okewale-Sonaiya     Musa Aibinu     Labour Party     Kwara State Sports Commission     KWASEIC     Kubra Kazum     Shuaibu Yaman Abdullahi     Odogun Olushola Gabriel     Revenue Court     Magaji Are     UNILORIN Alumni     Funmi Salau     Ahmad Belgore     Otunba Taiwo Joseph     Shehu Alimi Foundation     Oko Erin     Kwara State Television (KWTV)     Gbugbu     IHS Towers     Mutawalle     A.G.F Abdulrasaq     Ishaq Oloyede     Amasa     Maryam Nurudeen     Law School Scholarship     Alagbado     Kwara Volleyball Association     Umar Sanda Yusuf     SSA Youth     NaAllah     Dogara     Federal College Of Education (Special), Afon     Okoolowo     Ajase-Ipo     Yusuf Abubakar     Yusuf Olaolu Ali     Opaleke Bukola Iyabo     Raymond Olaitan     Babaita     Kwara Politics     Sulyman Abdulkareem     Musa Ayinla Yeketi     Sardauna     KFA     Yusuf A. Usman     Valsolar     Elelu     Dairo Kunle Paul     Mufutau Olatinwo     Dagbalodo     Abdullateef Abdussalam     Abdulganiy Abimbola Abdussalam     Mumini Ishola Hanafi     Kwara NIPR     KWASAA     Doyin Group     Oke Sunna     Markaz Arabic And Islamic Training Institute, Agege     Kwara State Pension Board     Senate President     Offa Metropolitan Club     Durbar     NNPP     Kola Shittu     Kayode Oyin Zubair     AIT Ilorin    

Cloud Tag: What's trending

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

Olatunde Olukoya     Halimah Perogi     Ilesha Gwanara Road     Fulani     Bashirat Bola Bello     Oke-opin     Alikinla     Yoruba     NNPP     Ibraheem Abdullateef     UNIFEMGA     James Kolo     Aliyu Olatunji Ajanaku     Elelu     CT Ayeni     Taibat Ayinke Ahmed     Baba-Isale     Fatai Adeniyi Garba     Ajibike Katibi     National Party Of Nigeria     Suleiman Alege Kuranga     Ayeyemi Sulaiman     Moses Adekanye     Esinrogunjo     Laduba     Lawan     Turaki     Ibrahim Gambari     Simeon Sayomi     Funke Adedoyin     Arik     Agbarigidoma     Isiaq Khadeejah     Omu Aran     Musibau Akanji     Adama Isa     VADA     Baruba     Talaka Parapo     Tunji Olawuyi     Tunde Oyawoye     Ilorin West/Asa Federal Constituency     Yunus Oniboki     Raji Ayodele Kamaldeen     Federal Polytechnic Offa     Abdulrazaq Adebayo     Alabi Lawal     Abdulsalam A. Yusuf     Baba Adini Of Kwara State     Yakubu Danladi     Oni Adebayo     Femi Oladiji     Oro Grammar School Old Students Association     Ola Falade     Abdulganiy Abimbola Abdussalam     Leke Ogungbe     Magaji Erubu     Paul Olawoore     Daud Adeshola     Abdul-Rasheed Na\'Allah     Aro Yahaya     Olofa Of Offa     Ahmed Mohammed Rifun     Kawu Baraje     Aisha Abodunrin Ibrahim     Olateju Lukman     Yusuf Olaolu Ali     Femi Gbajabiamila     Galland Marcias     Lukman Adeloyin     Kwara Consultative Forum     Bello Oyedepo     Radio SBS     Jimoh Saadudeen Muhammed     Jelili Yusuf     Sulu Babaita Isiaka     Okasanmi Ajayi