Niger has banned exports of diesel and premium petrol to address recent fuel supply challenges, according to a statement from the ministry of trade and industry posted on its Facebook page.
The statement clarified that domestic production of diesel and premium petrol is primarily intended to supply the local market. Exports will only be permitted in the event of surpluses, and only through sales by state-run Société Nigérienne de Pétrole SA (SONIDEP) and China-controlled Société de Raffinage de Zinder (SORAZ), subject to a special license.
The move aims to ensure adequate fuel availability for Niger's domestic consumers amid ongoing supply disruptions.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing