Business News of Thursday, 27 August 2026

Source: www.dailypost.ng

Rising fuel imports forcing greater export focus — Dangote Refinery warns NMDPRA

Dangote Refinery Dangote Refinery

The management of Dangote Petroleum Refinery and Petrochemicals, DPRP has expressed concern over the continued issuance of petroleum product import licences despite the refinery’s proven capacity to meet and exceed Nigeria’s domestic Premium Motor Spirit, PMS requirements.

The refinery noted that while it remains fully committed to supporting Nigeria’s energy security and ensuring uninterrupted fuel availability across the country, the volume of imported PMS entering the market has created uncertainty in domestic demand planning and inventory management.

According to market data available to the refinery, imported PMS accounted for approximately 43 percent of the fuel supplied to the Nigerian market in July, a development that raises questions about the necessity of continued large-scale imports when substantial local refining capacity exists.

Since commencing operations, Dangote Refinery has consistently maintained sufficient inventory levels and reserved product volumes to guarantee steady supply to the Nigerian market. This commitment has required significant investment in storage, logistics and working capital, all aimed at protecting Nigerians from supply disruptions and market volatility.