• Recession: Fuel demand drops at tank farms

    Recession: Fuel demand drops at tank farms

    The current economic recession scalding the country has led to a remarkable drop in the demand for petroleum products at various tank farms across the country.

    The situation is also compounded by the scarcity of forex as many manufacturers, who depended largely on petrol or diesel to operate have closed shop as they could not survive buying one US dollar at N420. Consequently, petroleum marketers operating at the downstream sector have continued to witness reduction in demand for products, especially petrol.

    Findings […]