diff --git a/dvc/dependency/param.py b/dvc/dependency/param.py
index bd064bd1bf..eb4faf176f 100644
--- a/dvc/dependency/param.py
+++ b/dvc/dependency/param.py
@@ -8,7 +8,7 @@
 from voluptuous import Any
 
 from dvc.exceptions import DvcException
-from dvc.utils.serialize import LOADERS, ParseError
+from dvc.utils.serialize import ParseError, load_path
 from dvc_data.hashfile.hash_info import HashInfo
 
 from .base import Dependency
@@ -139,12 +139,9 @@ def validate_filepath(self):
             )
 
     def read_file(self):
-        _, ext = os.path.splitext(self.fs_path)
-        loader = LOADERS[ext]
-
         self.validate_filepath()
         try:
-            return loader(self.fs_path, fs=self.repo.fs)
+            return load_path(self.fs_path, self.repo.fs)
         except ParseError as exc:
             raise BadParamFileError(
                 f"Unable to read parameters from '{self}'"
diff --git a/dvc/parsing/context.py b/dvc/parsing/context.py
index 8c6510c9d9..b4315d7365 100644
--- a/dvc/parsing/context.py
+++ b/dvc/parsing/context.py
@@ -1,5 +1,4 @@
 import logging
-import os
 from abc import ABC, abstractmethod
 from collections import defaultdict
 from collections.abc import Mapping, MutableMapping, MutableSequence, Sequence
@@ -357,17 +356,14 @@ def select(
     def load_from(
         cls, fs, path: str, select_keys: List[str] = None
     ) -> "Context":
-        from dvc.utils.serialize import LOADERS
+        from dvc.utils.serialize import load_path
 
         if not fs.exists(path):
             raise ParamsLoadError(f"'{path}' does not exist")
         if fs.isdir(path):
             raise ParamsLoadError(f"'{path}' is a directory")
 
-        _, ext = os.path.splitext(path)
-        loader = LOADERS[ext]
-
-        data = loader(path, fs=fs)
+        data = load_path(path, fs)
         if not isinstance(data, Mapping):
             typ = type(data).__name__
             raise ParamsLoadError(
diff --git a/dvc/repo/metrics/show.py b/dvc/repo/metrics/show.py
index a829413e53..a6eb07933f 100644
--- a/dvc/repo/metrics/show.py
+++ b/dvc/repo/metrics/show.py
@@ -12,7 +12,7 @@
 from dvc.scm import NoSCMError
 from dvc.utils import error_handler, errored_revisions, onerror_collect
 from dvc.utils.collections import ensure_list
-from dvc.utils.serialize import LOADERS
+from dvc.utils.serialize import load_path
 
 logger = logging.getLogger(__name__)
 
@@ -71,9 +71,7 @@ def _extract_metrics(metrics, path, rev):
 
 @error_handler
 def _read_metric(path, fs, rev, **kwargs):
-    suffix = fs.path.suffix(path).lower()
-    loader = LOADERS[suffix]
-    val = loader(path, fs=fs)
+    val = load_path(path, fs)
     val = _extract_metrics(val, path, rev)
     return val or {}
 
diff --git a/dvc/repo/params/show.py b/dvc/repo/params/show.py
index 502867a20a..5a79f54a44 100644
--- a/dvc/repo/params/show.py
+++ b/dvc/repo/params/show.py
@@ -22,7 +22,7 @@
 from dvc.ui import ui
 from dvc.utils import error_handler, errored_revisions, onerror_collect
 from dvc.utils.collections import ensure_list
-from dvc.utils.serialize import LOADERS
+from dvc.utils.serialize import load_path
 
 if TYPE_CHECKING:
     from dvc.output import Output
@@ -62,9 +62,7 @@ def _collect_configs(
 
 @error_handler
 def _read_fs_path(fs, fs_path, **kwargs):
-    suffix = fs.path.suffix(fs_path).lower()
-    loader = LOADERS[suffix]
-    return loader(fs_path, fs=fs)
+    return load_path(fs_path, fs)
 
 
 def _read_params(
diff --git a/dvc/utils/serialize/__init__.py b/dvc/utils/serialize/__init__.py
index 67eae15aa3..82fc51d213 100644
--- a/dvc/utils/serialize/__init__.py
+++ b/dvc/utils/serialize/__init__.py
@@ -14,6 +14,13 @@
     {".toml": load_toml, ".json": load_json, ".py": load_py}  # noqa: F405
 )
 
+
+def load_path(fs_path, fs):
+    suffix = fs.path.suffix(fs_path).lower()
+    loader = LOADERS[suffix]
+    return loader(fs_path, fs=fs)
+
+
 DUMPERS: DefaultDict[str, DumperFn] = defaultdict(  # noqa: F405
     lambda: dump_yaml  # noqa: F405
 )