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DANGOTE REFINERY’S LOCAL SUPPLY BOOM LOWERS PETROL IMPORTS.

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Dangote Petroleum Refinery’s local supply of petrol has increased by 25.3% to 40.1 million litres in February 2026, contributing to a drop in petrol imports into Nigeria. According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the refinery’s daily domestic supply has risen from 32 million litres in December 2025.

Analysts attribute the decrease in imports to cheaper Ship-to-Ship (STS) prices offshore in Lomé and a stronger naira, making it more competitive for local refineries like Dangote. The Platts STS Lome price averaged $647.75/mt from January 1 to February 12, 2026, down from $688.50/mt in November-December 2025.

The NMDPRA reports that Dangote Refinery now supplies about two-thirds of Nigeria’s fuel requirements locally, with a capacity utilisation rate of 61.27%. The refinery aims to further increase production, with plans to expand capacity to 1.4 million barrels per day.

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