• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

Dangote Refinery hits 1.66bn litres record fuel export surge

Victory Emmanuel by Victory Emmanuel
May 13, 2026
in Business
0 0
0
Dangote

Dangote refinery faces $5.4bn crude shortfall

thenacre-campaign

Dangote Refinery exports hit 1.66bn litres in April 2026 as global fuel supply fears and Middle East tensions boost demand

Fresh data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority has shown that Dangote Petroleum Refinery & Petrochemicals exported an estimated 1.66 billion litres of refined petroleum products in April 2026 amid rising global concerns over fuel supply disruptions linked to tensions in the Middle East.

Also read: Dangote targets massive $50bn refinery valuation

An analysis of the regulator’s April 2026 fact sheet showed that the refinery exported about 513 million litres of Premium Motor Spirit, popularly known as petrol, 534 million litres of Automotive Gas Oil, also called diesel, and 615 million litres of aviation fuel during the month under review.

The development followed growing uncertainty in the international oil market after the United States and Iran failed to reach a peace agreement, fuelling fears over the security of the Strait of Hormuz, one of the world’s most strategic oil shipping routes.

The Dangote refinery, located in Lekki, remains Nigeria’s only major operational refinery currently producing enough refined petroleum products for both local consumption and export.

Perfect-Aesthetic-social-1

Industry analysts described the export figures as a powerful milestone for Nigeria’s downstream sector, particularly as Europe, Africa and parts of Asia increasingly seek alternative fuel suppliers amid geopolitical instability.

According to the NMDPRA report, the combined export volume translated to an average of 55.4 million litres daily, marking the refinery’s highest monthly export performance so far, especially for diesel and aviation fuel.

The regulator stated that local refineries operated at an average capacity utilisation of 99.12 per cent in April, with the Dangote refinery accounting for the overwhelming majority of output.

Odun Ifa 2026
ADVERTISEMENT

The report noted that the facility achieved 100 per cent capacity utilisation for most days in April.

Findings also showed that domestic refineries received 18.37 million barrels of crude oil during the month, representing a significant increase from the 13.11 million barrels recorded in March.

Despite strong export activity, the refinery maintained substantial domestic supply obligations. Average daily petrol production stood at 53.6 million litres, with 40.7 million litres supplied locally and 17.1 million litres exported daily.

For diesel, average daily production reached 23.6 million litres, while exports accounted for 17.8 million litres per day, more than double the domestic supply volume of 8 million litres daily.

Aviation fuel exports also remained strong at 20.5 million litres daily, compared to local supply of 2.6 million litres per day.

The surge in aviation fuel exports came weeks after domestic airline operators raised concerns over the rising cost of aviation fuel and threatened operational shutdowns.

The Dangote Refinery Exports performance has further strengthened reports that Nigeria has become a net exporter of petrol for the first time in decades following increased output from the 650,000-barrel-per-day facility.

In March, the refinery reportedly exported about 434 million litres of petrol after local production exceeded domestic consumption.

The latest figures underscore Nigeria’s gradual transition from a major importer of refined petroleum products to a strategic export hub within Africa as global fuel trade patterns continue to shift.

The NMDPRA report further revealed that Nigerians consumed an average of 51.1 million litres of petrol daily in April, slightly above the regulator’s estimated benchmark of 50 million litres per day.

Diesel consumption stood at 17.3 million litres daily, while aviation fuel consumption averaged 2.5 million litres daily.

Despite increased local refining activity, petrol prices remained elevated nationwide.

adron lemon friday

The regulator attributed prevailing fuel prices partly to international crude oil costs, which averaged $120.55 per barrel in April, while gasoline prices reached $1,074.97 per metric tonne.

Also read: Cooking gas price surges by over N100 as Dangote Refinery, dealers release new LPG rates

The refinery is expected to play a central role in Nigeria’s energy security strategy and foreign exchange earnings as uncertainty continues to reshape global fuel markets.

Victory Emmanuel
Victory Emmanuel

Victory Emmanuel is a journalist and contributor to Freelanews.com, covering news, business, and public affairs.

Related Posts

CAC
Business

CAC registers 10,000 businesses daily after AI upgrade

by Quadri Olaitan
February 10, 2026
stanbic ibtc
Business

‘Playing a role in investing’ Stanbic IBTC expected to launch second tranche N100bn Infrastructure Fund

by Rtn. Victor Ojelabi
February 18, 2022
2023 12 11 at 14 25 11 4e8fbf6f34241d76365d1f4da7192227jpg WEBP Image 645 %C3%97 430
Business

18 businesses sever ties with Diddy’s e-commerce venture amidst abuse allegations (Video)

by Rtn. Victor Ojelabi
December 11, 2023
WhatsApp Image 2024 08 22 at 9.10.18 AM
Business

NGX rates Fidelity Bank highest on corporate governance

by Rtn. Victor Ojelabi
August 22, 2024
adron homes 1 jpeg
Business

Adron Homes empowers women, advocates for gender equality on International Women’s Day 2024

by Quadri Olaitan
March 11, 2024

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

nacc october 8 of 139 scaled

Nigerian-American Chamber hosts executive breakfast on U.S. EB-5 Investor Immigration Programme

October 24, 2026
Ogun

Police arrest butcher over colleague’s death in Ogun

October 23, 2026
Kwankwaso

Kwankwaso faults Tinubu over insecurity, rising poverty

October 23, 2026
Duru

Tinubu mourns Nollywood veteran Francis Duru at 57

October 23, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
#image_title

17 mobile money operator companies licensed by CBN in Nigeria

March 22, 2023
james akaie scaled

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
nacc october 8 of 139 scaled

Nigerian-American Chamber hosts executive breakfast on U.S. EB-5 Investor Immigration Programme

October 24, 2026
Ogun

Police arrest butcher over colleague’s death in Ogun

October 23, 2026
Kwankwaso

Kwankwaso faults Tinubu over insecurity, rising poverty

October 23, 2026
Duru

Tinubu mourns Nollywood veteran Francis Duru at 57

October 23, 2026
ADVERTISEMENT
October 2026
SMTWTFS
 123
45678910
11121314151617
18192021222324
25262728293031
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • quotes 22

    ‘Breaking News’ Babatunde Omidina, Baba Suwe, is dead

    0 shares
    Share 0 Tweet 0
  • 17 mobile money operator companies licensed by CBN in Nigeria

    0 shares
    Share 0 Tweet 0
  • Ifeoma playfully reacts as Paul Okoye receives recognition in Australia

    0 shares
    Share 0 Tweet 0
  • Nollywood actor Francis Duru dies at 57 after illness

    0 shares
    Share 0 Tweet 0

Just Published!

nacc october 8 of 139 scaled

Nigerian-American Chamber hosts executive breakfast on U.S. EB-5 Investor Immigration Programme

October 24, 2026
Ogun

Police arrest butcher over colleague’s death in Ogun

October 23, 2026
Kwankwaso

Kwankwaso faults Tinubu over insecurity, rising poverty

October 23, 2026
Duru

Tinubu mourns Nollywood veteran Francis Duru at 57

October 23, 2026
CBN

CBN approves JPMorgan to establish Nigerian bank

October 23, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.