The Digest:
The nationwide industrial dispute between the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Dangote Refinery has crippled fuel lifting operations, leading to a severe disruption in product supply. With fuel depots completely shut down, a source warns that filling stations are running on depleted stock, and a price hike is imminent if the crisis is not resolved within 72 hours. This situation highlights the fragile nature of the nation's supply chains.
Key Points:
- The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Dangote Refinery are in an industrial dispute.
- NUPENG has enforced a strike, backed by other unions, which has led to the shutdown of fuel depots nationwide.
- The closure has severely disrupted the lifting of petroleum products.
- Sources indicate that filling stations have limited supplies and are running out of stock.
- There are fears of an imminent fuel price hike if the dispute is not resolved quickly.
- A source at the Satellite Depot said a price hike will occur if the dispute is not resolved within 72 hours.
- The Vice President of the Oil and Gas Service Providers Association (OGSPAN) acknowledged NUPENG's concerns but praised Dangote Refinery for setting new standards in the industry.
