According to the refinery鈥檚 management, the shortfall in crude supply is largely due to inadequate allocations from the Nigerian National Petroleum Company (NNPC) and challenges in enforcing domestic supply obligations.聽
The refinery noted that the limited supply has forced it to rely on sourcing crude from international markets, often at higher costs, which has implications for fuel pricing in Nigeria.聽
Industry reports indicate that the gap between supply and demand is creating operational pressure on the refinery, especially as global crude oil prices continue to rise due to geopolitical tensions, including the crisis in the Middle East.聽
Despite the constraints, the refinery maintained that it remains committed to prioritising domestic fuel supply, even as it navigates the challenges of sourcing adequate crude feedstock.
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Summary
The Dangote Refinery has revealed it receives only five out of the 15 crude oil cargoes it requires monthly, raising concerns over supply shortfalls and rising fuel costs. The Dangote Petroleum Refinery has disclosed that it is currently receiving only five crude oil cargoes per month, far below the 15 cargoes required to operate optimally.According to the refinery鈥檚...
Key takeaways
- The Dangote Refinery has revealed it receives only five out of the 15 crude oil cargoes it requires monthly, raising concerns over supply shortfalls and rising fuel costs.
- The Dangote Petroleum Refinery has disclosed that it is currently receiving only five crude oil cargoes per month, far below the 15 cargoes required to operate optimally.According to the refinery鈥檚 management, the shortfall in crude supply is largely due to inadequate allocations from the Nigerian National Petroleum Company (NNPC) and challenges in enforcing domestic supply obligations.
- The refinery noted that the limited supply has forced it to rely on sourcing crude from international markets, often at higher costs, which has implications for fuel pricing in Nigeria.
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What is this story about?
The Dangote Refinery has revealed it receives only five out of the 15 crude oil cargoes it requires monthly, raising concerns over supply shortfalls and rising fuel costs. The Dangote Petroleum Refinery has disclosed that it is currently receiving only five crude oil cargoes per month, far below the 15 cargoes required to operate optimally.According to the refinery鈥檚...
Who published this story?
Glow 99.1 FM published this story with Oyetoke Adedayo Ebenezer listed as author.
When was it published?
March 25, 2026
