As the fuel scarcity that has hit most parts of Cross River State enters a second week, the price of the product, sold mostly by black market operators has hit N400 a litre, www.calitown.com investigations can reveal.
While it is an open secret that most filling station operators have bluntly refused to sell their products, causing untold hardship, those who agree to sell, peg their prices at between N100 – N200 a litre. Investigations also show that, a couple of those stations prefer to sell the product to black market operators, considered a better return on investment.
For most parts of yesterday, hordes of commuters were stranded, with some resorting to trek to their destinations as the available taxis charged exorbitant fares. On a normal day, the Highway to Eight Miles shuttle costs between N50 and N100, depending on where a commuter alights but between N200 – N300 is charged on the same route by taxis, as we report.
In most government offices visited by our reporter in Calabar, only a handful of staff were present. One civil servant told www.calitown.com anonymously that, “most of our staff cannot afford the high transport cost and have decided to stay at home because they cannot trek to work. While a few major marketers of the product are selling, long and panic buying seem to be undoing efforts geared towards tackling the scarcity.
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