Business

ANALYSIS: As petrol scarcity persists, Nigerians live in denial about their complicity

Long fuel queues have persisted for a month across many Nigerian cities as people who believe cheap fuel is a divine right, goaded by labour unions, suffer the effects of insisting their government buy petrol at N400 per litre from refiners in Europe and sell locally at N165.

Nigerians are against any attempt to raise the pump price of petrol to narrow the difference between what their government pays for the product and sell locally, but eagerly buy at N450 per litre from black marketers who set up shop right in front of shuttered petrol stations.