Long queues have been witnessed at petrol stations in most parts of Lagos state in south-west Nigeria after a decision by some fuel marketers to shut their operations.
The queues that surfaced on Monday continued on Tuesday morning causing panic buying of fuel and black market sales.
It comes as some members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) say they can no longer operate in an unconducive environment.
The association chairman, Akin Akinrinade, told journalists that while the government had fixed 165 naira ($0.40; £0.30) for a litre of petrol, the current realities showed that the minimum price should be 180 naira to profitably sell the product.
He cited the high cost of transporting the product and the diesel used in running the petrol stations as another reason for the withdrawal of services.
This development had added more pain to the suffering of Lagosians.
The long fuel queues have led to more traffic jams that the city is known for.
The cost of transportation has also doubled and most business premises are shut due to their inability to access fuel to power their electricity generators.
Many Nigerians use generators for power as electricity supply is not steady in the country.