Nigeria faces jet fuel shortage as Strait of Hormuz disruption bites

Global shipping disruption at the Strait of Hormuz triggers a severe jet fuel shortage in Nigeria, crippling domestic airlines. | Contesto: cronaca

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• Nigeria faces jet fuel shortage as Strait of Hormuz disruption bites

Contesto

A severe jet fuel shortage is gripping Nigeria, driven by global supply disruptions originating at the strategic Strait of Hormuz, according to the country's leading fuel marketers. The Major Energies Marketers Association of Nigeria (MEMAN) stated that the turmoil at the critical Middle Eastern waterway has curtailed worldwide availability of middle distillates, the category of refined products that includes jet fuel and diesel. This scarcity is now directly impacting Nigerian airports, squeezing airlines that are already contending with a backdrop of soaring operational costs. The situation has led to flight delays and cancellations, creating significant travel chaos for passengers across the nation's major aviation hubs. The crisis underscores Nigeria's acute vulnerability to global energy market shocks, despite being a major crude oil producer. The nation's refining capacity has been crippled for years due to underinvestment and maintenance issues at its state-owned refineries, forcing it to import nearly all of its refined petroleum products. Jet fuel, a critical component for the aviation sector, is therefore entirely dependent on international shipments. The Strait of Hormuz, a narrow chokepoint between the Gulf of Oman and the Persian Gulf, is a vital conduit for seaborne oil and fuel exports from the Middle East. Any disruption there sends immediate ripples through global supply chains, disproportionately affecting import-dependent nations like Nigeria. MEMAN's analysis points to a direct link between geopolitical tensions half a world away and empty fuel tanks at Lagos's Murtala Muhammed International Airport. "Products such as jet fuel and diesel that normally pass through the strategic waterway have become less available worldwide, pushing up prices," the association said. This price surge compounds the financial strain on Nigerian carriers. Airlines are facing a double bind: they must secure a product that is both scarce and exponentially more expensive. The increased cost is often passed on to consumers through higher airfares, but the physical shortage means that even willing buyers cannot reliably obtain the fuel needed to operate their...

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Categoria: cronaca