Fuel Marketers Apprehensive About Potential Price Surge as PENGASSAN Industrial Action Commences

Petroleum products distributors throughout Nigeria are expressing serious concern about possible increases in fuel costs following the initiation of industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria. The union commenced nationwide strike activities after unsuccessful negotiations with the management of Dangote Petroleum Refinery regarding the termination of numerous employees.

The collective action has already begun to affect operational activities at several crucial oil production and distribution installations. Industry representatives indicate that any sustained disruption to distribution networks could rapidly diminish fuel reserves at retail outlets nationwide.

The labour union has instructed its members to suspend all operations at export terminals and crude oil loading facilities. This directive forms part of their protest against what they describe as unjust employment practices at the country’s largest refinery complex.

Market analysts predict that if the industrial action continues for more than several days, consumers will likely encounter increased prices at fuel stations. The situation remains volatile as discussions between the involved parties are scheduled to resume.