Flingpord

  Apparently preparing Nigerians for a full deregulation regime, depot owners and some petrol marketers have again put the nation in another panic mode by hoarding available products in a push to ensure prices are adjusted to meet their operating expenses. With products hoarded,  fuel queues have emerged, forcing many motorists to engage in panic-buying, just as many retail outlets, especially those owned by independent marketers selling above the regulated price . Long queues were witnessed in many parts of Lagos, yesterday, with the situation apparently worse on Ikorodu road, Maryland, Ikeja, Anthony, Bariga, Ilupeju and Gbagada areas as motorists become agitated after spending hours on queues. The development left commuters stranded with traffic jams in major areas in Lagos as motorists struggled to get the product. Indeed, only retail stations owned by Major Oil Marketers Association of Nigeria (MOMAN) are dispensing products and selling at regulated price of N170 per litr...