- Petrol prices have reached ₦937 per litre in Jigawa state, northwest Nigeria.
- The fuel scarcity has caused significant losses for farmers and motorists in Jigawa and the neighboring state of Kano.
- The high prices are part of a broader trend, with fuel prices in Nigeria increasing by 223% over the past year.
Newsypeople- In Jigawa State, the cost of petrol has soared, reaching an alarming ₦937 per litre at certain filling stations. Farmers and motorists in the area have suffered significant losses due to the fuel scarcity.
The shortage has been further worsened by the closure of many filling stations, leaving only a few that are selling petrol. Consequently, long queues have formed, with motorists and individuals clutching jerry cans flocking to these limited outlets.
Similar to other regions in the country, this scarcity has given rise to a flourishing black market for petrol in Jigawa. Unscrupulous individuals are taking advantage of the situation, selling the product at exorbitant prices, sometimes as high as ₦1,400 per litre in certain areas.
The fuel crisis has had a ripple effect on the economy, as transporters have hiked fares up to 100% to offset the high cost of petrol. Commuters are now burdened with increased expenses to reach their destinations, adding strain to their finances.
Farmers in Jigawa are particularly affected by this dire situation as they heavily depend on petrol to operate their machinery. The exorbitant prices and limited availability of the product have made it extremely challenging for them to carry out their farming activities, resulting in significant losses.
The Nigerian National Petroleum Company Limited (NNPC), the sole importer of petrol into the country, has assured Nigerians that the situation will be resolved in due course. According to the company, approximately 240 million litres of petrol are currently being discharged, which should alleviate the shortage.
Despite the NNPC’s assurances, many Nigerians remain skeptical due to the persistent nature of the fuel crisis. The Independent Petroleum Marketers Association of Nigeria (IPMAN) has cautioned that the scarcity could persist for at least two additional weeks.
This crisis once again highlights the urgent need for Nigeria to address its refining challenges and reduce its dependence on imported fuel. The country has long struggled with fuel shortages, often exacerbated by issues such as pipeline vandalism, refinery shutdowns, and logistical obstacles.
To summarize, the fuel crisis in Jigawa has caused immense hardship for residents, with petrol prices reaching an unprecedented ₦937 per litre.
The economy has been negatively impacted, with farmers and motorists bearing the brunt of the losses. While the NNPC has provided assurances of a resolution, skepticism remains prevalent among the population.
See the news below…
National Bureau Of Statistics Says Petrol Hits N937 Per Litre, Fears It May Soon Reach N1000 | Sahara Reporters https://t.co/dekJCZaUIN pic.twitter.com/Glgpw1BYrf
— Sahara Reporters (@SaharaReporters) July 2, 2024
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