Over 95% of petroleum product importers in Nigeria are not buying from the Dangote Refinery.

👉 Over 95% of petroleum product importers in Nigeria are not buying from the Dangote Refinery.

👉The Dangote Refinery struggles to sell about 29 tankers of diesel per day due to low patronage from local petroleum product importers.

👉As a result of this poor local patronage,… pic.twitter.com/akB44zrFmp

— Nairametrics (@Nairametrics) September 12, 2024

The Dangote Refinery struggles to sell about 29 tankers of diesel per day due to low patronage from local petroleum product importers.

As a result of this poor local patronage, dangote refinery exports most of its diesel and aviation fuel.

The Dangote Refinery has imported around 57 shiploads of crude, as local supply from the NNPC remains limited.

Petroleum product marketers in Nigeria have written to President Bola Tinubu, complaining that the refinery’s local diesel prices — which have dropped from N1,200 to N1,000 and now to N900 per litre — are negatively impacting their businesses.

Despite the challenges, 44% of dangote refinery’s petrol production capacity is sufficient to meet all of Nigeria’s local demand.