Petrol sells at N700 per litre in Akure black market, not available at filling stations
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Nigeria, Feb. 1 -- Prime Motor Spirit, also known as petrol, is now selling at N700 per litre at unofficial sale points in Akure and neighboring towns in Ondo State, as the scarcity of the product bites residents and travellers harder.
Most of the major marketers were not selling the product as of Tuesday night as independent marketers were alleged to be hoarding or routing sales through the unofficial points where prices are arbitarily fixed.
PREMIUM TIMES investigation revealed that filling stations on the outskirts of Akure were selling at N500 per litre on Saturday, with motorists scrambling to buy even at the price.
A fuel station at Oda town did a quick sale in the early hours of Monday, selling at N450 per litre, but stopped sel...
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