NAN-H-40
Petrol
By Tukur Muntari
Kano, Sept. 15, 2016 (NAN) Black market dealers in petrol in Kano state, have been sent out of business following the availability of the product in the state.
Investigation conducted by the News Agency of Nigeria (NAN) on Thursday in Kano and other major towns in the state, revealed that most filling stations had the product in stock.
Following this development, several filling stations had reduced the official pump price of petrol from N145 per litre to between N143 and N140 per litre.
Motorists and other commercial vehicle operators, who usually patronise the black marketers, had since stopped as they preferred to buy the product at filling stations.
A four litre gallon of petrol cost between N560 and N570 at filling stations while the same quantity cost between N750 and N800 at the black market.
Hassan Sani, who sell petrol in the black market and operates along the popular Audu Bako Way, told NAN that he would soon switch to another business.
He said that before new price regime, he used to sell three 25 litres jerry cans of petrol every day.
“But with the availability of the product now, I can hardly sell one jerry can.
“Most of my customers have stopped patronising me as the product is available at filling stations and more so it is cheaper to buy at filling stations,” he said.
Abdul another black market operator, who operates near Pyramid Radio along Audu Bako Way, said he had abandoned the sale of petrol and taken to vulcanizing to survive and cater for him family. (NAN)
MTM/AEA/AEA
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Edited and controlled by Archibong Asuquo