In some parts of Lagos and Ogun states like Ikorodu, Ikotun and Sango-Ota, some stations sold petrol for between N180 and N200 per litre. Commercial transport operators increased fares by as much as 100 per cent, saying it was because they bought petrol above N145 per litre. “I have also directed the regulators to step up their surveillance and bring an end to hoarding and price inflation by marketers,” he added. This is coming as queues petrol persisted in Abuja and neighbouring states of Niger, Kaduna and Nasarawa on Monday. It cannot be blamed on any panic buying nor hoarding as the product is seriously in short supply.

Source: Punch December 26, 2017 00:22 UTC