Dangote Petroleum Refinery imported a total of 40.40 million barrels of crude oil between May and June 2026, spending approximately $4.48 billion on feedstock purchases as it continued to ramp up operations and diversify its supply sources. The refinery’s significant crude imports underscore its growing role in Nigeria’s downstream petroleum sector and regional energy markets.

The imports were sourced from multiple countries, reflecting the refinery’s strategy of broadening its crude procurement channels amid domestic supply constraints. Recent purchases have included crude grades from Nigeria, Libya, and the United Arab Emirates, marking the refinery’s first-ever imports of Middle Eastern crude.

Industry data indicates that the refinery requires between 13 and 15 cargoes of crude oil monthly to sustain operations at higher production levels. While the facility continues to receive supplies from Nigeria’s state-owned oil company, imported crude has become increasingly important in meeting its feedstock requirements.

The refinery has steadily expanded production since commencing operations and recently exceeded its nameplate capacity of 650,000 barrels per day during performance tests. Analysts say the refinery’s increasing crude imports and rising output are strengthening its position as a major supplier of refined petroleum products within Nigeria and across international markets.

Experts believe the refinery’s aggressive crude procurement strategy could improve fuel availability, reduce dependence on imported petroleum products, and enhance Nigeria’s refining capacity. However, they also note that sustained operations will depend on reliable feedstock supply arrangements and continued investments in refining infrastructure.

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Dangote Petroleum Refinery has imported its first crude oil cargoes from the United Arab Emirates, marking a significant expansion of its crude sourcing strategy as the company seeks to strengthen feedstock availability amid persistent domestic supply constraints. The refinery purchased two cargoes of UAE crude, representing its first procurement from the Middle East.

The development signals a shift in the refinery’s crude procurement approach, which has largely depended on Nigerian, African, and United States crude grades. The move comes as the company continues to pursue a broader range of crude options to support stable operations and improve flexibility in its refining activities.

Dangote Refinery Chief Executive Officer, David Bird, had previously highlighted challenges associated with domestic crude availability and operational issues at some export terminals, noting that these constraints made it necessary to source additional supplies outside Nigeria.

Industry data indicates that the refinery has already imported crude grades from Angola, Ghana, Libya, and Guyana in 2026 as part of its efforts to diversify feedstock sources and maintain production levels. The refinery is also seeking to increase the number of crude grades it can process in pursuit of a fully merchant refining model.

Despite ongoing efforts by regulators to improve domestic crude supply arrangements, the refinery has increasingly relied on imported crude to sustain operations. Analysts say the latest UAE purchases underscore the refinery’s growing integration into global crude markets and its determination to secure reliable feedstock supplies.

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Nigeria’s average daily consumption of Premium Motor Spirit (PMS), commonly known as petrol, declined to 56.9 million litres per day in February 2026, according to the latest data released by the (NMDPRA).

The figure represents a drop from 60.2 million litres per day recorded in January, indicating a noticeable shift in the country’s fuel consumption pattern amid ongoing adjustments in the downstream petroleum sector.

Domestic refining begins to influence supply

In its monthly factsheet, the NMDPRA noted that the drop in consumption coincided with a significant change in Nigeria’s fuel supply structure, largely influenced by the growing role of the .

For decades, Nigeria relied heavily on imported petrol due to the poor performance of state-owned refineries. Historically, local refining accounted for less than 20 percent of national petrol supply, leaving the country largely dependent on imports to meet domestic demand.

However, the regulatory authority said the increasing output from the Dangote Refinery is gradually altering this structure by strengthening domestic fuel supply and reducing reliance on imported products.

Petrol imports decline sharply

According to the NMDPRA report, petrol imports dropped significantly in February as domestic refining expanded.

The agency revealed that imports declined by about 25.4 million litres per day, reflecting a growing shift toward locally refined petroleum products.

Industry analysts say the development could signal the beginning of a long-term transition in Nigeria’s fuel supply chain, as large-scale refining capacity continues to increase within the country.

Nigeria maintains strong fuel stock

Despite the reduction in petrol consumption, the regulatory authority noted that Nigeria maintained a petrol sufficiency stock of about 31 days in February 2026.

This level of stock coverage suggests improved energy security for the country, especially at a time when global fuel markets remain volatile due to geopolitical tensions and fluctuating crude oil prices.

Experts believe that stronger domestic refining capacity could help Nigeria better withstand international supply disruptions and reduce the economic risks associated with heavy fuel imports.

Experts highlight Dangote Refinery’s growing impact

Reacting to the development, the Chief Executive Officer of Petroleumprice.ng, Jeremiah Olajide, said the integration of Dangote Refinery’s output into national supply calculations demonstrates the refinery’s growing strategic importance.

According to him, the refinery is increasingly serving as a stabilising force in Nigeria’s downstream petroleum sector, particularly as the country navigates unpredictable global energy markets.

He explained that the emergence of large-scale domestic refining capacity is gradually reshaping the structure of Nigeria’s fuel supply chain.

“The addition of Dangote’s inventory to national supply figures highlights the refinery’s role as a strategic buffer for the downstream sector,” Olajide said.

He added that expanding domestic refining would not only reduce import dependence but also strengthen the country’s ability to maintain stable petrol availability.

Dangote refinery cuts petrol and diesel prices

Meanwhile, the Dangote Petroleum Refinery recently announced a reduction in the prices of petrol and Automotive Gas Oil (AGO), commonly known as diesel.

Under the revised pricing structure, the refinery reduced the gantry price of petrol from ₦1,175 per litre to ₦1,075 per litre, representing a ₦100 decrease.

The coastal distribution price of petrol was also lowered from ₦1,150 to ₦1,028 per litre, while diesel prices dropped from ₦1,620 to ₦1,430 per litre, marking a reduction of ₦190 per litre.

The refinery said the price adjustment was part of efforts to ease the financial burden on consumers and contribute to broader economic stability in Nigeria.

Pricing reflects global crude oil benchmarks

According to the company, crude oil processed at the refinery is purchased at international benchmark prices plus a premium ranging from $3 to $6 per barrel.

Payments for crude oil and other inputs are also made at prevailing foreign exchange market rates without subsidies.

The refinery added that crude supplied under the Naira-for-Crude arrangement is similarly priced using global benchmarks before being converted to naira based on the current exchange rate.

Dangote Refinery further stated that in 2025 alone it reduced petrol prices at least eight times, increasing prices only twice during the year.

The company described the pricing strategy as part of its commitment to ensuring that cost advantages from local refining are passed on to consumers across Nigeria’s 36 states and the Federal Capital Territory.

Industry observers believe that as domestic refining capacity continues to expand, Nigeria could experience improved fuel price stability and reduced vulnerability to international supply disruptions.

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