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Fuel scarcity lingers despite regulators’ assurance of stock

Fuel scarcity continues to linger in Lagos and other cities in Nigeria despite the assurances given by oil marketers and regulators. A litre of petrol currently sells for as high as N200. Meanwhile, the Nigerian Upstream Petroleum Regulatory Commission says about 1.2 million barrels of crude oil is consistently shut in by producers across various oil wells in the Niger Delta due to the incessant oil theft in the industry. Kola Karim, Chief Executive officer of Shoreline Energy joins CNBC Africa for more.
Wed, 26 Oct 2022 14:38:24 GMT
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