The Guinean government anticipates a significant improvement in fuel supply to gas stations in the country following an explosion at an oil facility, with new limits on the quantities permitted for vehicles starting today, Saturday. The explosion on December 18 resulted in the death of 23 people and damaged most of the fuel tanks at the country's main oil platform, which handles fuel imports, leading to widespread fuel shortages.
In a statement late yesterday, the government declared, "The government is pleased to announce to the people that, thanks to diplomatic efforts with neighboring countries, fuel supplies at gas stations will witness a marked improvement."
This news may provide reassurance in global markets, which have seen Chinese aluminum oxide futures reach record levels due to concerns that fuel shortages in Guinea may restrict its bauxite exports, used in the extraction of aluminum oxide. Guinea is the third-largest producer of bauxite in the world.
The government stated that starting today, gas stations will impose a limit on sales at 25 liters per vehicle and five liters per motorcycle, while filling fuel containers (jerrycans) will be prohibited.
