Fuel Scarcity: Panic Buy Throws Lagos Into Heavy Traffic
Following the plan by the Independent Petroleum Marketers Association, IPMA to stop its members from selling Premium Motor Spirit this week, motorists in Lagos have embarked on panic buys.
The association said last week that the Nigerian National Petroleum Corporation, NNPC had failed to supply adequate fuel to many filling stations in Lagos and Ogun States and might not have enough to sell to motorists.
Since Monday, the number of vehicles that queued at petrol stations across Lagos had increased tremendously and this had led to heavy traffic on the highways.
Some petrol stations had shut their gates with the excuse that they did not have fuel to sell. The cost of transportation had increased in the last two days with commuters stranded.
At Berger Bus Stop, Iyana Oworo, our correspondent observed the crowd of commuters who were stranded due to the high cost of transportation and a few number of commercial vehicles on the road.
The investigation revealed that many of the commercial buses were presently on the queue at filling stations to buy fuel.
Asides the yellow buses that had jacked up their fares, the tricycle, popular known as “Keke NAPEP” that ply Obalende to Island and Victoria Island, Ikoyi had increased their fares by 50 percent.