Unethical Marketing Practices by Petroleum Black Marketers in Akwa Ibom State, Nigeria
Keywords:
Black Marketers, Exploitative Pricing, Petrol Adulteration, Unethical Marketing PracticesAbstract
This study delves into investigating the unethical behaviour of petroleum black marketers operating in Akwa Ibom State, Nigeria. The researchers observed that black marketers intentionally engage in petrol adulteration and exploitative pricing during fuel scarcity to maximise profit. To this end, the study adopted a cross-sectional survey research design. This design enabled the collection of primary data from 357 motorists in Akwa Ibom State using a structured questionnaire. The data obtained were descriptively analysed, while the hypotheses of the study were tested using a multiple regression approach. Findings confirm that unethical marketing practices (petrol adulteration and an increase in petrol price per litre) negatively affect motorists in Akwa Ibom State, Nigeria. On the basis of this finding, we recommended that, in order to prevent marketers from unnecessarily raising petrol prices and constantly adulterating petroleum products, the Nigerian government must do all in its power to alleviate its nationwide fuel scarcity. In light of the constraints identified within the current investigation, we have proposed several recommendations to inform and direct subsequent research endeavours.
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