Selling petrol at N165 unrealistic, says IPMAN as scarcity hits Lagos

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It was one of the unusual days in Lagos on Monday as many residents spent hours waiting on queues in filling stations at various locations in the state.

This was as a result of the scarcity of Premium Motor Spirit (PMS), popularly known as petrol which affected businesses which depend on the product for power due to the erratic supply of electricity in the country.

Similarly, the number of commercial vehicles plying the roads was less compared to a regular business day, leaving many passengers stranded at various bus stops. While some were forced to pay extra fares for transportation, others opted to trek to their respective destinations, including offices, markets, and homes.

Amid fears that the scarcity might be a result of industrial action by members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), the union said it took a decision to go on strike.

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