Fuel Pump Price is more than double in Abuja, rising to N400 per litre on the resurgence of scarcity despite assurance of supply by the Nigeria National Petroleum company.

Black market racketeers are cashing in by selling at N300 per litre in parts of the Federal Capital Territory (FCT).

In Kubwa, a litre cost N320, in Asokoro and other prime locations, it goes for N400.

One of the racketeers who identified himself as Usman disclosed that he stored fuel in several kegs anticipating that it would be scarce.

The official subsidized price is between N162 and N165 per litre nationwide.

Ibiwumi Ishola

Leave a Reply

Your email address will not be published.