Business
Fuel scarcity in Ibadan: Black marketers, petrol attendants fleece motorists
Retailers of petroleum usually referred to as black marketers are currently “cashing out” in Ibadan, the Oyo State capital as the scarcity of petroleum in the city worsened.
Ibadan has been experiencing fuel scarcity for the past four days with the majority of petroleum stations shut down, leaving only a handful selling a litre of petroleum between N195 and N350.
Track News survey showed that BOVAS was the only fuel station selling a litre of petrol at N180 in Ibadan on Wednesday.
Track News correspondent who went around the city observed that the few branches of BOVAS selling the product have long queues of cars and motorcycles.
Some of the areas visited included Bodija, Secretariat Road, Sango and Eleyele Road.
The scarcity of fuel forced most motorists to hike to resort to patronising black marketers who are selling at the rate of N500 per litre.
While black marketers are making brisk businesses by inflating the price of the product, petroleum attendants, on the other hand, were observed extorting buyers.
In some petroleum stations, petroleum attendants are collecting N200 per vehicle before they sell the product. In other stations, they demanded N500 before selling the product to motorists
-
News5 days ago
EFCC slams Edu, Farouq, Shehu, says N32.7bn, $445,000 recovered from humanitarian ministry
-
Politics4 days ago
Work On Akaba-Okodi Road Impressive, Says Gov Diri
-
Crime4 days ago
Oyo State Police Mentions Names Of Who Invaded Oyo Sate Secretariat
-
News4 days ago
Nigerians Calls On Pastor Enenche Paul To make Apology To his Church Memeber Who He Embarrased While Giving Testimony
-
Entertainment5 days ago
Junior Pope: ‘I Blame Myself For Shooting In Asaba’, Adanma Luke Laments
-
News5 days ago
REWARD: Police Sets to Award Deserving Officers for Exemplary Performance
-
News3 days ago
Okuama: Gov Diri Urges Igbomotoru Residents To Return Home
-
Breaking News5 days ago
DSS arrests El-Rufai’s political ally, Aisha Galadima, for criticising Governor Sani