Despite repeated assurances by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, that there is enough petrol in stock that can serve consumers for the next one month, the pump prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) have continued to rise in most parts of the border communities in Lagos and Ogun states, IgbereTV reports
The product (PMS or petrol) is sold for as high as N300 a litre in some areas while the price of diesel has also risen to N650 a litre.
Although the long queues witnessed weeks ago have reduced, investigation revealed that the border communities in Lagos State are still struggling to get the product.
It was observed that some filling stations were hoarding petrol, thereby creating artificial scarcity along the Mile 2-Badagry expressway. Most filling stations around the area are selling at far above the approved pump price.
The investigation showed that a litre of petrol sells for N200 at Mobil filling station opposite Federal Government College, Ijanikin, but Total at Cele bus stop, and opposite Foreign Mission School, Aiyetoro also at Ijanikin, sell the product at the government-approved price.
However, it was observed that the filling station attendants at both filling stations demand N200 to N300 from drivers for the sale.
