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Kolawole Adesina
2 months ago
Overview
Dangote refinery supplies 60% of Nigeria’s petrol —Report
A new report by S&P Global has stated that the Dangote Petrochemical Refinery is now fulfilling up to 60 per cent of the nation’s domestic gasoline (petrol) demand.
It said the development highlights the refinery’s growing role in stabilising the country’s fuel supply and reducing dependence on imports, making a substantial impact on the local energy market.
However, this contradicts a recent revelation by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, which has disclosed that the country’s three operational refineries contribute less than 50 per cent of the nation’s daily petrol consumption.
Since starting up in January 2024, gasoline output from the giant 650,000 b/d refinery has remained a closely watched topic, promising to drastically overhaul Nigeria’s import deficit by serving the bulk of the country’s main fuel market.
