Africa's Fuel Supply Crisis Amid Middle East Tensions

The ongoing crisis in the Middle East is significantly disrupting Africa's fuel supply chain, with countries facing severe strains on petroleum product imports. The International Energy Agency reports that approximately 600,000 barrels per day of petroleum products typically destined for Africa are at risk due to escalating tensions linked to Iran.
This has led to a sharp decline in petroleum product loads, dropping from 580,000 metric tons in January to zero in March, reflecting a total supply breakdown. Countries like Kenya, which consumes 100,000 barrels of fuel daily, are particularly vulnerable, maintaining only 21 days of fuel stock.
Martin Chomba, chairman of the Petroleum Outlet Association of Kenya, noted that the situation has led to rationing and stockouts in rural areas. Meanwhile, Ethiopia's Prime Minister Abiy Ahmed urged citizens to reduce fuel consumption to prioritize essential services.
The crisis has also shifted global energy trade dynamics, with increased Russian diesel exports filling the supply gap.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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