Dangote Refinery Makes New Announcement After Slashing Petrol Price, Nigerians Affected
- By the end of 2025, the Dangote Petroleum Refinery aims to source all its crude oil from Nigerian producers, reducing the country’s reliance on imported refined fuels
- The refinery has become a net exporter of diesel, gasoline, and aviation fuel, but it faced challenges in feedstock supply due to domestic supply fluctuations
- Strengthened relations with local traders and the state oil company, NNPC, are expected to ensure a consistent supply of Nigerian crude
Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
By the end of 2025, the Dangote Petroleum Refinery, Africa's largest refinery and owned by the continent's richest billionaire, Aliko Dangote, intends to source all of its crude oil from Nigerian producers.
Source: UGC
This is expected to mark a significant turning point for the country’s oil sector.
Devakumar Edwin, Vice President at Dangote Industries, overseeing the plant, told Bloomberg, “We expect long-term foreign crude contracts to expire and transition entirely to domestic supply before the year-end.”
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This shift is expected to reduce Nigeria's reliance on imported refined fuels and help reduce supply chain inefficiencies and corruption.
Nigeria’s fuel landscape
Billionaire.Africa reported that Nigeria is now a net exporter of diesel, gasoline, and aviation fuel as a result of the refinery’s progressive ramp-up since commissioning. However, when local production was unable to meet demand, the facility had to rely on crude from Ghana, Equatorial Guinea, Angola, and Brazil.
Major companies have retreated from onshore and shallow-water fields in Nigeria, an OPEC member, leaving concessions to smaller local operators. The availability of feedstock has been affected by fluctuations in domestic supply, pipeline theft, and militant attacks in the Niger Delta.
Edwin said that a consistent supply of Nigerian crude would be ensured through strengthened relations with local traders and the state oil company, NNPC. Bloomberg data shows that, in June, 53% of the refinery's feedstock came from domestic sources, with the remaining 47% sourced from the United States.
Source: Getty Images
Dangote Refinery has said that many oil marketing companies joined its growing list of fuel distribution networks.
The refinery disclosed in a statement on Tuesday that the companies include TotalEnergies, Garima Petroleum, Sunbeth Energies, Sobax Nigeria Limited, and Virgin Forest Energy. Others are Sixxco Oil Ltd., NU Synergy, and Soroman Limited.
The development comes ahead of its planned nationwide fuel distribution in August.
Others on the growing list are Jezco Oil Nigeria Ltd., Jengre, Cocean, Kifayat, Triumph Golden, Sifem Global, Riquest, and Mamu Oil, among others, the refinery added.
Dangote refinery slashes petrol prices to N820 per litre
Legit.ng reported that in a move that rattled depot owners late Tuesday, July 8, 2025, the 650,000 bpd-capacity Dangote Refinery has slashed petrol prices to N820 per litre, down from N840, which it released on June 30, 2025.
This comes as depot owners have consistently undercut the mega refinery with lower price cuts to gain market advantage.
The latest price adjustment by the refinery is the lowest rate since March 14, 2025, when petrol sold at N815 per litre at the facility.
Source: Legit.ng
