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		<title>Gridlock in Nigeria amid fuel shortages and price hikes</title>
		<link>https://opinions-mayadin.com/gridlock-in-nigeria-amid-fuel-shortages-and-price-hikes/9825/</link>
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		<pubDate>Wed, 04 Sep 2024 18:59:31 +0000</pubDate>
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		<category><![CDATA[Africa]]></category>
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		<category><![CDATA[Eco]]></category>
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		<category><![CDATA[Petrol]]></category>
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					<description><![CDATA[<p>Many people have been left stranded with long queues at petrol stations nationwide. Commuters in Lagos have been lining up at bus stations, but there very few buses operating.</p>
<p>L’article <a href="https://opinions-mayadin.com/gridlock-in-nigeria-amid-fuel-shortages-and-price-hikes/9825/">Gridlock in Nigeria amid fuel shortages and price hikes</a> est apparu en premier sur <a href="https://opinions-mayadin.com">زوايا ميادين | Mayadin Columns</a>.</p>
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<p style="font-size:17px"><em><strong>Nigerians have been hit by a double whammy of chronic fuel shortages and a hike in prices by the state-owned oil company.</strong></em></p>



<p>The Nigerian National Petroleum Corporation (NNPC), which imports the country’s fuel and distributes it to private sellers, blamed its debts and rising global prices for its difficulty in getting fuel.</p>



<p>Many people have been left stranded with long queues at petrol stations nationwide. Commuters in Lagos have been lining up at bus stations, but there very few buses operating.</p>



<p>Others told the BBC they have been forced to trek long distances as public transport prices have doubled along some routes.</p>



<p>On Tuesday, the NNPC said it was putting up the petrol price from 617 naira ($0.40, £0.30) to 897 naira a litre.</p>



<p>Its petrol stations have the cheapest fuel on sale in the country &#8211; but at the vast majority of other private garages the pump price is much higher.</p>



<p>When the NNPC puts up the price, so do private sellers and in some states, like Oyo, Kano and Kaduna, petrol is now selling for as much as 1,200 naira a litre.</p>



<p>Many garages around the country have shut because they have run out of fuel, others have closed to adjust their prices.</p>



<p>In the capital, Abuja, most are open but all have long queues as desperate drivers wait their turn &#8211; some slept in their cars overnight.</p>



<p>Fuel stations are not rationing supply, so there is a danger their wait will be futile.</p>



<p>A motorcycle rider in Kano, the main trading hub of northern Nigeria, said it was frustrating: “Most of the fuel stations here in Kano are closed because they want to adjust their pumps to the new price.</p>



<p>“I was able to get fuel at 950 naira at a particular station, but other places have already started selling at 1,200 per litre,” Aminu Danyaro told the BBC.</p>



<p>Black-market traders, who buy fuel from petrol stations and sell it by the roadside from jerrycans at inflated prices, are doing a brisk trade in Kano, where there is significantly less traffic than usual.</p>



<p>The Nigeria Labour Congress (NLC) &#8211; the country’s main trade union body &#8211; says it feels “betrayed”, explaining that the reason it accepted the new minimum monthly wage of 70,000 naira ($44, £34) in July was because there was an agreement with the government that petrol price would not be increased.</p>



<p>When President Bola Tinubu came to power last year, he shocked Nigerians on his first day by removing a subsidy that kept the price of fuel low.</p>



<p>This &#8211; amongst other policies &#8211; has led to the worst economic crisis in a generation and cost-of-living protests, dubbed “10 days of rage”, were held countrywide last month.</p>



<p>Nigerians are now pinning their hopes on the new privately owned Dangote Petroleum Refinery, which has been built by one of Africa’s richest man, Aliko Dangote.</p>



<p>On Monday, it was announced with great fanfare that the refinery had just started producing petrol &#8211; a milestone in Nigeria which despite being Africa’s largest producer of crude oil imports all its refined fuel.</p>



<p>But it is not clear how long Nigerians will have to wait to see ready availability of petrol or a drop in prices.</p>



<p class="has-medium-font-size"><strong><em>World Opinions &#8211;<a href="https://www.bbc.com/news/articles/cn49d1zwz8wo" target="_blank" rel="noreferrer noopener"> BBC News</a></em></strong></p>
<p>L’article <a href="https://opinions-mayadin.com/gridlock-in-nigeria-amid-fuel-shortages-and-price-hikes/9825/">Gridlock in Nigeria amid fuel shortages and price hikes</a> est apparu en premier sur <a href="https://opinions-mayadin.com">زوايا ميادين | Mayadin Columns</a>.</p>
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