News
Petrol Marketers in Nigeria Lament Ghost Buying At Filling Stations.
Petrol marketers across Nigeria have expressed frustration over the issue of “ghost buying” at filling stations, a practice that has disrupted sales and created challenges in fuel distribution. Ghost buying refers to instances where individuals or groups pre-purchase large volumes of petrol but do not immediately collect it, leaving station owners uncertain about stock levels and disrupting regular customer service.
The marketers note that ghost buying has contributed to artificial shortages, as pre-paid fuel reserves appear sold out even when the physical fuel remains on-site. This practice not only misrepresents actual demand but also creates operational headaches for petrol stations, as they struggle to manage stock and serve walk-in customers efficiently.
Industry representatives have called on regulatory bodies to address this issue, emphasizing the need for transparent fuel purchase systems and stricter controls to prevent such practices. According to marketers, ghost buying has also complicated efforts to stabilize fuel prices, as pre-purchased stock often sits idle or is held back to be sold at higher prices when demand spikes.
In conclusion, Nigeria’s petrol marketers are facing a growing problem with ghost buying, which has skewed sales dynamics and complicated inventory management. They call for urgent action from regulators to tackle this issue and promote a more stable, transparent fuel market.
Nigerians reacts to President Tinubu trip to UK and lament that the timing is just bad. The timing of the trip and the arising crises occurring in the country.
It can be noted that the President, his wife and some other officials followed him on the trip.
And the public has shouted that we need the officials here in the country in the crises, asking who will help to manage the state of things as they are all going at once.
People shared their displeasure with a large crowd following the president to another country and leaving Nigeria in this state.
Federal Government in Nigeria has declared March 19th and 20th as public holidays for the end of Ramadan.
This was revealed by the Minister of Interior, Olubunmi Tunji-Ojo. He made this announcement on behalf of the Federal Government.
He wished Muslims a joyful Eid al-Fitr celebration.
It has been reported that President Bola Ahmed Tinubu has departed to London.
The Nigerian leader is travelling ahead of a state visit to the United Kingdom. The purpose of this visit is to strengthen bilateral relations and explore avenues for collaboration on issues such as immigration, trade, investment, and cultural exchange.
Amid this travel, the fuel prices still remain increased and many of the public are still there.
Nigerians react to the news, stating that he is leaving Nigerians once again to suffer with the current state of things before he returns.
They are calling out for him to do something and change about the fuel.
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