PHOTOS: Lagos commuters stranded as fares spike by 50% amid petrol scarcity

Commuters in many parts of Lagos were on Monday left stranded at different bus stops, amid the lingering petrol scarcity.

Fares were hiked by 50 percent as motorists filled up dispensing stations for the scarce commodity.

Some filling stations were shuttered, while others still selling petrol were encircled by long queues.

Some motorists said they bought petrol at N700 and N800 per litre at filling stations. Roadside dealers now sell the product for N1000 and N1200 per litre.

The petrol scarcity triggered a 50 percent increase in fares across Lagos.

From Abule Egba roundabout to Agege, commuters were asked to pay N300, which previously cost N150 or N200. From Agege to Alausa in Ikeja is now N400, which cost N300 last week.

From Berger to Ikeja, commuters pay as high as N1000 in fares.

In most of the bus stops visited by TheCable on Monday morning, survival of the fittest was the prevailing philosophy as hordes of commuters were seen running after a few commercial buses.

SEE PHOTOS HERE: 

There has been a lingering petrol crisis across Nigeria in the last two weeks, triggering a hike in the pump price of the product.

The Nigerian National Petroleum Company (NNPC) has put the snafu down to supply chain disruptions and logistic challenges.

President Bola Tinubu pronounced an end to the petrol subsidy regime on May 29, 2023 in a bid to allow market forces determine pump price, bolster government revenues, and curtail disruptions in the value chain.