Economy

Petrol Scarcity Hits FCT As NARTO Stops Lifting Products

ABUJA- Long queues resurfaced on Monday, February 19, at Premium Motor Spirit (PMS) petrol stations in the Federal Capital Territory (FCT) as the Nigerian Association of Road Transport Owners (NARTO) halted tanker operations, citing unsustainable high costs.

The association has notified the Federal Government and Major Energy Marketers Association of Nigeria of its plan to suspend operations.

Monitoring the petrol market on Monday morning, The Nation observed that most petrol stations have shutdown.

The few Independent marketers who opened to customers dispensed the product for between N648 to N670 per litre.

The few Nigerian National Petroleum Company Limited (NNPCL) retail outlets that were opened sold the product for N617 per litre amid endless queues.

Besides, black marketers sold 10 litres for N850 in plastic containers.

Meanwhile, the NARTO President, Alhaji Yusuf Lawal Othman, who spoke with the Nation on phone confirmed that the enforcement of the suspension of operation has just begun.

He said it will culminate in complete stoppage of the haulage of the product.

Details shortly…

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