Amidst the ongoing strike by tanker drivers, opportunistic black market dealers are exploiting the situation, causing a surge in the price of Premium Motor Spirit, commonly known as petrol, with rates reaching ₦1000 per liter in certain areas of Lagos State.
The black market has witnessed a surge in prices, reaching N1000 per liter. In contrast, MEMAN stations, including Eterna, NorthWest, TotalEnergies, Mobil, Capital Oil, Enyo, Conoil, ForteOil, MRS, and others, have displayed varying prices ranging from ₦599 to ₦615 per liter.
Consumers are flocking to MEMAN stations in search of the most economical prices, leading to increased activity at their premises. However, many IPMAN stations currently remain closed due to a limited supply of products. For those that are open and have products available, the selling price is no less than ₦650 per liter.
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