Many Nigerians have reported that the latest fuel scarcity has seen a 100 per cent increase in travel costs.
On Monday, 20 June 2022, many filling stations in Lagos and Abuja shut down operations claiming that they could not keep selling Premium Motor Spirit, otherwise known as petrol, at N165 per litre. The Independent Petroleum Marketers Association of Nigeria or ‘IPMAN’, which is a leading marketing organization for many filling stations in Nigeria explained it was no longer sustainable to sell petrol at this price for reasons including:
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