Dangote Refinery Boosts Supply as Fuel Import Costs Surge

As of September 17, 2026, Dangote Petroleum Refinery has gained a competitive advantage as oil marketers are increasingly lifting petroleum products from the facility due to rising import costs. The gantry price for Premium Motor Spirit (petrol) at Dangote was N1,350 per litre, while the estimated import parity price ranged from N1,364.02 to N1,365.02 per litre.

The seven-day average import parity price was even higher at N1,371.92 per litre, indicating that importing petrol was more expensive by N14 to N22 per litre compared to sourcing from Dangote. The landed cost of petrol was N1,420 before dropping to N1,365.

Similarly, the gantry price for automotive gas oil (diesel) was N1,850 per litre, while the estimated landed cost was N1,933.56 per litre. Fresh cargoes of various petroleum products continue to flow through Nigeria’s coastal supply chain, with 219,000 metric tonnes recorded between September 14 and 20, 2026.

Several vessels were loaded at the Dangote refinery, indicating its pivotal role in the current fuel supply landscape.