There were reports that the NNPC had increased crude oil supply to the Dangote refinery, allocating seven cargoes for May loading to boost domestic fuel production. In October, we got 4.55 million; we got 6.45 million in November; 4.30 million in December; 5.65 million barrels in January; and 4.66 million barrels in February. Earlier, the Dangote refinery had lamented that it was not getting enough crude locally for its operations. As the Iran-US war continues to disrupt global oil supply, the Dangote refinery has effected multiple fuel price increases, raising petrol pump prices above N1,200 per litre. They said the national oil company was leveraging its global crude trading network to source third-party supply for the Dangote refinery at competitive international market rates.

Source: Punch April 03, 2026 04:56 UTC