Nigeria exported 55.39 million barrels of crude oil in the first two months of 2026, even as the Dangote Petroleum Refinery struggled with inadequate domestic feedstock supply.
The Dangote Petroleum Refinery exported about 434 million litres of petrol in March 2026, after producing more than domestic demand, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The Crude Oil Refiners Association of Nigeria (CORAN) has rejected claims that imported petrol is cheaper than locally refined fuel, arguing that the difference stems from quality disparities rather than efficiency.
Dangote Refinery has reversed its recent fuel price increase, slashing the ex-gantry price of Premium Motor Spirit (PMS) by ₦75 to ₦1,200 per litre, industry sources confirmed on Wednesday.
Dangote Refinery Debate Deepens as Don Seeks Policy Shift on Fuel Prices
Debates over the role of the Dangote Refinery in Nigeria’s rising fuel prices have intensified, as a Professor of Political Science at the University of Maiduguri, Ibrahim Umara, called for urgent policy reforms...
