On Monday, petrol sold for between N4, 500 and N5, 000 per litre along
the Lagos-Badagry Expressway as black marketers claimed they sourced the
product from neighbouring Cotonou in the Republic of Benin which is not
an oil producing country.
A petrol hawker, who identified himself as Simpson Samuel, said he bought five litres from Cotonou and resold it for N5, 000 in Lagos.
“I purchased this fuel for 800 Cedis a litre, which is equivalent of N3, 500,” he said.
“We have been at filling stations along this Badagry road, but we did not get fuel. Some of our colleagues directed us to Cotonou and that is where we bought these ones.
“Many people who have also gone there cannot buy because of the rush by our people,” Mr. Samuel said.
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