The surging diesel price in Nigeria is set to become worse as Russian oil refiners have started to cut back on refinery throughput, according to the chief executive of one of the world’s largest independent commodities trading houses, Gunvor.

“This is a global problem but for Europe it’s very hard because Europe is so short” of diesel, Gunvor CEO Torbjorn Tornqvist said at the Financial Times Commodities Global Summit as carried by Bloomberg.

Trade with Russian diesel is becoming scarcer because of buyers in Europe are steering clear of Russian shipments, awaiting further sanctions against Russia over its invasion of Ukraine, or simply declining to purchase Russian energy to finance Putin’s war in Ukraine.

Read more: https://moneycentral.com.ng/energy/article/nigeria-diesel-prices-to-remain-high-as-russia-cuts-refinery-output/

That's great..
Putin has succeeded in bringing the new world order for his puppets on here..at least they will come to realize how clueless they've been all day long..

Y'all will survive it..don't worry it's just a matter of time..

Not trading with Russia makes the commodity so scarce and expensive??

How come Russian supplies controls the oil market this much?.. really amazing...so OPEC Nations can meet up with supplies?..how does this really add up?...Russia is this important in the energy sector...wow...too much control and power for one nation

Ohelegel9699:
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You get 9m for account but you dey here dey beg? Mumu.

SocialJustice:
You get 9m for account but you dey here dey beg? Mumu.

Thanksful:

All these students no dey think, hunger dey make them over do.