On Monday, February 19, extensive queues reappeared at petrol stations in the Federal Capital Territory (FCT) as the Nigerian Association of Road Transport Owners (NARTO) ceased tanker operations, citing unsustainable high costs.
The association has informed the Federal Government and the Major Energy Marketers Association of Nigeria about its intention to suspend operations.
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During a Monday morning market evaluation, it was noted that a majority of petrol stations were closed.
Independent marketers who served customers dispensed the product at prices ranging from N648 to N670 per litre.
The limited Nigerian National Petroleum Company Limited (NNPCL) retail outlets that operated offered the product at N617 per litre, contributing to long queues.
Additionally, black marketers were selling 10 litres in plastic containers for N850.
NARTO President, Alhaji Yusuf Lawal Othman, confirmed to The Nation via phone that the enforcement of the operation suspension has commenced, and it is expected to lead to a complete halt in the haulage of the product.
