Connect with us

Business

Dangote Refinery Dominates 62% of Nigeria’s Petrol Market

Published

on

Dangote Refinery

Dangote Refinery supplies 62% of Nigeria’s petrol in January 2026, surpassing imports and marking a historic shift in local production

adron lemon friday

Dangote Petroleum Refinery supplied 62 per cent of Nigeria’s Premium Motor Spirit in January 2026, marking a historic shift as domestic production overtook imported fuel for the first time.

Also read: Ogun Residents Demand End to Border Fuel Ban

Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows that average daily PMS supply reached 64.9 million litres in January, with domestic refineries producing 40.1 million litres per day, while imports accounted for 24.8 million litres.

The increase represents a 25 per cent surge from December 2025, when Dangote Refinery supplied 32 million litres daily.

Managing Director David Bird confirmed that the refinery can produce over 50 million litres per day, signalling potential for further growth.

Commissioned in September 2024 as the world’s largest single-train refinery with a 650,000 barrels-per-day capacity, Dangote Refinery has gradually increased output, challenging Nigeria’s long-standing dependence on fuel imports.

The surge in local production reduces reliance on imports, which fell to 38 per cent of total supply in January.

Analysts say this could save foreign exchange, stabilise fuel availability, and protect the economy from global price volatility.

Aliko Dangote, President of the Dangote Group, previously criticised import licences for undermining local refining efforts.

With domestic refineries now meeting the majority of national demand, Nigeria is taking a decisive step towards fuel self-sufficiency.

Also read: Ogun Residents Demand End to Border Fuel Ban

Despite higher gantry prices for locally refined petrol compared to imports, the development signals a restructuring of the downstream petroleum sector and a more sustainable path for the country’s energy security.

75 / 100 SEO Score

Aviation

FCCPC Wins Again as Court Affirms Power to Probe Air Peace Ticket Pricing

Published

on

FCCPC

A Federal High Court has upheld the FCCPC’s authority to investigate consumer complaints over Air Peace ticket pricing, dismissing the airline’s legal challenge (more…)

65 / 100 SEO Score
Continue Reading

Business

Depot Owners Cut Petrol Price to Match Dangote Rate

Published

on

Depot

Depot owners petrol price cut sees major suppliers reduce ex-depot rates to ₦1,075 per litre, matching Dangote Refinery’s latest fuel price (more…)

66 / 100 SEO Score
Continue Reading

Business

ExxonMobil Under Fire Over Delayed $1bn Usan Oil Field Development

Published

on

ExxonMobil

ExxonMobil Usan Project promises new oil output but also raises questions over years of delayed investment and regulatory oversight in Nigeria

(more…)

adron lemon friday

52 / 100 SEO Score
Continue Reading

Trending News