Dangote Refinery to Export Petrol Amid Rising Imports

Dangote Petroleum Refinery has announced its intention to export excess petrol stocks as rising imports create uncertainty around domestic demand and complicate inventory planning. In July, imported Premium Motor Spirit (petrol) constituted approximately 43% of the fuel supplied in Nigeria, despite the refinery's capacity to meet domestic demand.

The refinery has consistently maintained sufficient inventory since commencing operations, requiring significant investments in storage and logistics. However, the issuance of petroleum product import licenses has led to uncertainty in demand planning.

The refinery stated that maintaining large stock positions without clear visibility into import volumes imposes substantial carrying costs, making it commercially unsustainable to hold excess inventory indefinitely. Consequently, the refinery will export surplus products not immediately absorbed by the domestic market, clarifying that this decision is not a withdrawal from the Nigerian market but a response to excess inventory.

The refinery remains committed to ensuring adequate fuel supply across Nigeria.