…By Joseph Benjamin for TDPel Media.
There are growing indications that many businesses in the sector may be forced to close down due to the higher fuel prices.
Depletion of Stock and Financial Obligations:
The import costs and other market factors, including exchange rates, influence the pricing of fuel.
The lack of access to forex, coupled with increased financial obligations, threatens the operations of depot owners, marketers, and filling stations.
The economic pressures faced by these businesses may lead to market consolidation, with larger entities absorbing smaller ones.