Aviation jet fuel from the Lagos-based Dangote refinery now dominates approximately two-thirds of Nigeria’s market, a recent report reveals.
According to data from Energy Intelligence, a US-based tracker of oil and gas trends, the 650,000 barrels per day (bpd) refinery has not only curtailed aviation fuel imports into Nigeria but also lowered prices by about $2 to $3 per metric ton.
“We’re already buying from Dangote 1729435805 it’s slightly cheaper or at least the same price as imports,” Asharami Synergy’s managing director, Foluso Sobanjo, told Energy Intelligence in an interview
Dangote’s jet fuel now accounts for at least two-thirds of Nigeria’s supply and nearly half of the jet fuel consumed across West Africa, based on Energy Intelligence estimates.
Nigeria’s jet fuel imports have plummeted from 13,000 b/d in 2023—when imports met the entire domestic demand—to just 5,000 b/d so far in 2024, the report shows.
The impact of the refinery extends beyond Nigeria,…