Over 95% Of Petroleum Product Importers In Nigeria Are Not Buying From Dangote

Mr Ejump

Over 95% Of Petroleum Product Importers In Nigeria Are Not Buying From Dangote

During Spaces session on Wednesday, Devakumar V. G. Edwin – Vice President, Dangote Industries Limited revealed key insights into the challenges facing the Dangote Refinery and its impact on Nigeria’s fuel supply and prices:

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, 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.

👉Currently, around 29 tankers are lifting fuel from the the depot of other importers daily.