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The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has attributed the recent sharp increase in Liquefied Petroleum Gas (LPG) prices to reduced domestic supply and global market influences. The association's president highlighted issues with product availability and rising international benchmarks impacting local costs.
Economist Churchill Ogutu highlights that fuel shortages in Kenya are primarily due to disruptions in the supply chain between oil marketers and retailers. He warns that if these issues continue, the situation could deteriorate further.
The ongoing conflict in Iran has led to a marked rise in fuel demand from the Dangote refinery, as various African nations scramble to secure energy amid disrupted imports. This situation has highlighted the continent's heavy reliance on foreign fuel sources.
Aliko Dangote, the president of the Dangote Group, credited the company's achievements to its customer base during a recent event in Abuja. He emphasized the conglomerate's focus on enhancing its supply chain and digital capabilities to support customer-driven growth.
