Fuel Distribution Suspended In Nigeria Over Election Fears

March 1, 2023
Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

The Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja-Suleja region, Mohammed Shuaibu, has said the general election is affecting fuel distribution.

Shuaibu said oil marketers are not moving Premium Motor Spirit (PMS), also known as fuel, as they use to pre-election, leading to several retailers shutting down their petrol stations.

Join our WhatsApp Channel

He explained that the distribution of fuel has dropped because depots are not loading over the fear of the elections’ outcome. 

“As it is now, the depots are not loading and there no receptions. If you watch, so many stations across the country are not open for service. This is due to apprehension caused by the elections,” Shuaibu said in a Punch report on Wednesday.

The oil marketer stated that industry players are waiting for the outcome of the general elections over agitation that has trialled the results collation by the Independent National Electoral Commission (INEC). 

Shuaibu said: “People want to wait for the announcement of these results, because of the fear of possible crisis that might affect their stations or trucks. 

“However, as it is now, since the depots are not loading as expected, people will want to take advantage of the situation to profiteer.” 

It was revealed that some states in the country, including Abija, are not receiving fuel because the major marketers have not been moving PMS out of Lagos as they used to. 

“Trucks that move PMS, belonging to major marketers, are not coming into Abuja and many other locations as expected. 

“I enquired from them and they said it is because of the elections, and that they are afraid. So they want to see the outcome of the elections,” Shuaibu revealed. 

Meanwhile, the President of the Petroleum Retail Outlet Owners Association of Nigeria, Billy Gillis-Harry, questioned the availability of fuel. 

“The question now is, are there even products? Are marketers seeing the products to buy, before talking about dispensing it to consumers?” he stated.

+ posts

Featured Stories

Latest from Business

NGX Traders Exchange N33.54bn Shares, Market Cap Hits N106trn

After trading on the Nigerian Exchange (NGX), also known as the stock market, closed on Tuesday, January 13, the bourse’s market capitalisation grew to N106.18 trillion. This represents a N1.66 trillion gain in the stock market when compared to the N104.52 trillion
Naira Falls Against Dollar Across FX Markets

Dollar, Pound, Euro Rates Drop In Official Market

The United States dollar (USD) depreciated in value by 0.33 percent against the naira after the official market’s foreign exchange rate dropped to N1,420.25 kobo per $1 on Tuesday, January 13. According to the data from the official market, also known as
Fidelity Bank Kicks Off N127 Billion Public Offer, Rights Issue Today

Fidelity Bank’s Profit Drops By 50% To N87.67bn

Fidelity Bank recorded gross earnings of N 366,11 billion in the third quarter (Q3) of 2025, according to the company’s financial statements for the period ended September 30, 2025. In the statement, Fidelity Bank said gross earnings increased by 8.04 percent during

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies that handle imported goods under a system where duties are paid before delivery, Prime Business Africa reports. The Nigeria Customs Service said the changes affect companies operating under the Delivered Duty Paid
Moghalu, British Gov’t Support Tinubu’s Fuel Subsidy Removal, Forex Reforms
Previous Story

Tech Expert, Nwoye, Criticises Buhari, INEC Over Tinubu’s Victory

Tinubu Promises Heads Will Roll In CBN To Achieve Single Exchange Rate
Next Story

Let’s Join Hands, Work Together, Tinubu Begs Opponents

Don't Miss

William Troost Ekong and Ademola Lookman

CAF Player Of The Year: Lookman, Troost-Ekong lead 10-Man Squad

Super Eagles duo, Ademola Lookman and William Troost-Ekong, are at
Nigeria Needs A New Lease Of Life - By Peter Obi and Datti Baba-Ahmed

Obi-Datti Rally: LP Supporters Can Pass Through But Not Converge At Lekki Tollgate, Says Court

Court Orders Obi-Datti Supporters Not To Hold October 1 Rally