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Nigeria Facing Further Gasoline Shortages

OIL PRODUCTS

Nigeria is facing gasoline shortages again as NNPC faces issues supplying volumes to local traders and depots. NNPC owes over $6bn to gasoline suppliers, impacting financing and access to cargoes.

  • Nigerian gasoline imports were opened up to private companies last year, but currency issues and a retail price cap leave NNPC the sole importer.
  • The Dangote refinery was expected to be online to produce gasoline for the domestic market but has faced a number of operational and supply setbacks.

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