TNG investigationsTop Story

Investigation: Real reasons for protracted fuel scarcity and economic implications

8 Mins read
TNG’s investigation has revealed that the latest fuel scarcity which was initially thought to be caused by the importation of off-spec gasoline and then panic buying, is now being sustained by a raise in the ex-depot rate from the official N148.77 per litre, to as much as N185 by some private depot owners due to prevailing circumstances, including the recent Ship-to-Ship Coordination Charge introduced by the Nigerian National Petroleum Corporation (NNPC) last month.
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