KEY POINTS
- NNPC increases Dangote refinery crude supply to seven cargoes in May, up from five in previous months.
- Domestic fuel shortages and high petrol prices persist as Dangote struggles to secure enough local crude.
- NNPC is using its global trading network to source additional crude, supporting Nigeria’s push for local refining growth.
The Nigerian National Petroleum Company Limited, NNPC, has raised crude oil allocations to the Dangote Petroleum Refinery and Petrochemicals, scheduling seven cargoes for May loading.
This is an increase from the five cargoes the refinery has been receiving in previous months. The refinery will still receive five cargoes in April.
The move comes as Nigeria faces soaring petrol prices and constrained fuel supply.
Dangote refinery has struggled to secure sufficient local crude, able to access only about five cargoes per month—well below its monthly requirement of 13–15 cargoes—forcing it to import additional crude at international market rates affected by the ongoing conflict in the Middle East.
NNPC Leverages Global Network to Support Refinery
According to industry sources, the NNPC is tapping its international crude trading network to source third-party supply for the Dangote refinery at competitive prices. This strategy aligns with government efforts to strengthen domestic refining capacity and reduce reliance on imports.
