DANGOTE REFINERY SAYS IT CAN MEET NIGERIA’S FUEL DEMAND, SUPPLY EXCEEDS DOMESTIC CONSUMPTION
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The Dangote Petroleum Refinery has reaffirmed that it has sufficient capacity to meet and exceed Nigeria’s domestic fuel requirements, amid ongoing adjustments in petrol pricing.
In a statement issued on Thursday evening, the refinery said it is capable of supplying up to 75 million litres of Premium Motor Spirit (petrol) daily, well above the country’s estimated daily consumption of about 50 million litres.
The refinery also disclosed that it can supply 25 million litres of Automotive Gas Oil (diesel) daily, compared with an estimated national demand of 14 million litres, as well as 20 million litres of aviation fuel per day, far exceeding Nigeria’s estimated maximum consumption of four million litres.
According to the company, the surplus volumes provide a critical buffer that enhances supply stability, strengthens energy security, and reduces dependence on fuel imports, particularly during periods of peak demand or supply disruptions.
The refinery said it remains fully engaged with regulators and industry stakeholders to support Nigeria’s transition from fuel importation to domestic refining, adding that it continues to work closely with market participants to ensure consistent delivery of benefits such as reliable supply, competitive pricing, and improved market discipline.
“With domestic refining capacity expanding, Nigeria is increasingly positioned to reduce foreign exchange exposure, improve supply security, and strengthen downstream efficiency through locally refined petroleum products,” the statement said.
The clarification comes days after the refinery announced an increase in its gantry price of petrol from ₦699 to ₦799 per litre, following the withdrawal of a temporary festive price support. The new price places Dangote’s gantry price about ₦70 higher than the landing cost of imported petrol.
Following the adjustment, the refinery advised that MRS filling stations should sell petrol at ₦839 per litre. Checks confirmed that many filling stations raised pump prices from about ₦739 to ₦839 or higher.
Further findings showed that marketers who had completed payment and obtained loading authorisations at the old price of ₦699 per litre were asked to pay the difference before loading, after the refinery invalidated previously issued slips.
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