Petroleum marketers have suspended large-scale fuel loading at the Dangote Petroleum Refinery following its decision to sell fuel in dollars, sparking concerns over potential fuel shortages across the country. The suspension, which began about four days ago, has led marketers to source products from private depots at higher prices, with some filling stations in Lagos and the South-West region temporarily closed due to fluctuating fuel costs.
Industry insiders, explained that the uncertainty surrounding the new pricing templates for imported petroleum and crude oil has made marketers hesitant to buy large volumes, fearing prices could fall after purchase.
The refinery denied halting fuel loading, asserting that operations are ongoing, but the situation has increased market anxiety. Marketers are urging the government to intervene and resolve the pricing dispute promptly to prevent further disruptions in fuel supply.
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