Marketers Halt Dangote Fuel Loading As Dollar Sale Row Deepens
Oil marketers have halted fuel loading from the Dangote Refinery after a dispute over dollar-based sales and naira payments, raising fresh concern over petrol supply and pump prices.
The dispute followed the refinery’s decision to suspend naira sales and insist on dollar payments for some transactions. Marketers said the change disrupted loading arrangements and could push prices higher.
Punch reported that the Federal Government had stepped into talks with marketers and the refinery. The refinery denied that loading had stopped completely, but marketers said they were waiting for clearer pricing before placing large orders.
The row comes after months of public pressure for domestic refining to reduce import dependence and steady prices. For consumers, the immediate concern is whether the disagreement will affect filling-station supply in the coming days.
Sources: Punch
Written by
Amina Garba
Financial reporter covering CBN policy, oil and gas, government budgets, and macroeconomic trends. Business Writer at NaijaTrend.
You May Also Like
Business
Otedola Buys N77.6bn First HoldCo Shares, Raises Stake To 21.95%
Femi Otedola has bought another large block of First HoldCo shares, raising his stake in the banking group to 21.95 per…
Business
NAFDAC Seizes Edible Oil Tankers Found Carrying Diesel In Lagos
NAFDAC has seized two tankers meant for edible vegetable oil after they were found carrying diesel in Lagos. The agency…
Business
CREDICORP Launches CLICKD Laptop Credit Scheme With 3MTT Programme
The Nigerian Consumer Credit Corporation has launched the CLICKD scheme with the Federal Government’s 3MTT programme to…
Business
NUPRC Awards 37 Oil Blocks To 31 Companies, Warns Against Delays
The Nigerian Upstream Petroleum Regulatory Commission has named 31 companies as winners of 37 oil and gas blocks in the…