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

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Naira Weakens Against Dollar In Official, Black Markets

Traders in the black market paid N1,444.88 kobo for a dollar on Thursday, February 12, compared to the N1,441 per $1 reported on Wednesday, February 11. The value of the United States dollar (USD) increased by N3.88 kobo, while that of the
Over N28.43bn Shares Traded On NGX, Access Holdings Leads Trades

Over N28.43bn Shares Traded On NGX, Access Holdings Leads Trades

The Nigerian Exchange (NGX) closed with N114.66 trillion market capitalisation on Thursday, February 12, from the N114.37 trillion reported on Wednesday, February 11. According to the NGX data, the market valuation of the Nigerian bourse increased by N283.24 billion, as the all-share
Cost Of Borrowing Pulling Down Geregu's Profit

Cost Of Borrowing Pulling Down Geregu’s Profit

Despite a double-digit growth in Geregu Power’s top line, the company’s bottom line declined amid rising interest payments on its borrowings. Prime Business Africa gathered that Geregu’s revenue grew by 34.86 percent to N184.93 billion in 2025, rising from the N137.12 billion
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

Five Reasons Dangote Remains Africa’s Richest Billionaire

Aliko Dangote has consecutively maintained his position as the richest
Meet The Cast Of ‘Real Housewives of Abuja’

‘Real Housewives of Abuja’ – Meet The Cast

Following the success of ‘The Real Housewives of Lagos’, the