Dangote exports 1.3 billion litres of petrol while Nigeria continues to import Fuel

 Torchlight news.


Dangote Exports 1.3 Billion Litres of Petrol While Nigeria Continues to Import Fuel


The Dangote Petroleum Refinery has commenced large-scale exports of Premium Motor Spirit (PMS), shipping out roughly 1.35 billion litres to international markets in just 50 days.

This was revealed by the President of the Dangote Group, Alhaji Aliko Dangote, at the Global Commodity Insights Conference on West African Refined Fuel Markets, jointly organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and S&P Global Insights.

Dangote noted that between June and July 2025, the refinery exported around one million tonnes of PMS, equivalent to 1.35 billion litres.

“Nigeria has now become a net exporter of refined petroleum products. I confirmed before coming on stage that we've exported about one million tonnes of PMS since early June—within just 50 days,” he stated.

Despite these exports, Nigeria still largely depends on imported fuel. According to NMDPRA CEO Farouk Ahmed, around 69% of gasoline consumed in Nigeria and other West African nations is still sourced from abroad.

Ahmed revealed at the conference that, on average, 2.05 million metric tonnes of gasoline are traded monthly across the region, with the majority being imports.

Data indicated that in just eight days, Nigeria imported about 231.88 million litres of PMS. The Nigerian Ports Authority’s Shipping Position Daily showed that 172,917 metric tonnes of PMS entered the country through ports in Apapa, Tincan, and Calabar.

One tonne of PMS equals approximately 1,341 litres, making the total import volume over the eight-day period nearly 232 million litres.

The Dangote refinery’s operations haven’t been without controversy. Some critics accuse the company of attempting to dominate the fuel market, a claim Dangote dismissed.

“There are accusations of monopolistic behavior, but rather than investing locally, many critics choose to invest abroad and complain from the sidelines,” he responded.

President Bola Tinubu also addressed the broader energy landscape, calling on African nations to take control of pricing and trading structures instead of remaining at the mercy of global markets.

“Africa must stop being a passive price taker. We need pricing benchmarks that reflect our true market conditions and protect our economies,” Tinubu stated on his official X account.

He emphasized that Nigeria, along with regional allies, is working towards an integrated market that benefits African producers, guarantees local energy access, and fosters cross-border prosperity.

NMDPRA is also partnering with S&P Global Commodity Insights to create a regional pricing index for refined petroleum products such as PMS, diesel, jet fuel, and LPG.

Ahmed explained that this benchmark would enhance market trust, draw investments into infrastructure, and offer real-time price transparency across the fuel sector.

“Our goal is a transparent, data-driven regional market that truly reflects fuel costs and value in West Africa,” Ahmed concluded.

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