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Dangote Refinery prioritises petrol supply to Nigerian market.
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Global oil prices surge as Middle East crisis disrupts supply chains.
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Company plans rollout of CNG-powered trucks to improve nationwide fuel distribution.
Nigeria’s largest private refinery, the Dangote Petroleum Refinery, has assured Nigerians that the country will have sufficient fuel supply despite the ongoing crisis in the Middle East affecting global oil markets.
In a statement on Thursday, the refinery said it would prioritise supplying petrol and other refined products to the domestic market in order to cushion the impact of international supply disruptions.
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The company noted that the geopolitical tension in the Middle East has forced some refineries abroad to shut down, while China has halted exports of petrol and diesel, further tightening global fuel availability.
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According to the refinery, the presence of a large domestic refining facility in Nigeria helps shield the country from global shortages, as more fuel can now be processed locally instead of relying heavily on imports.
It added that global oil prices have surged due to the crisis, with Brent crude rising by about 26 per cent to above 84 dollars per barrel.
The company explained that the rising crude oil cost forced it to increase its petrol depot price by ₦100 per litre, representing about a 12 per cent increase, though it absorbed roughly 20 per cent of the additional cost to ease the burden on consumers.
The refinery also disclosed that it receives about five crude oil cargoes monthly from the Nigerian National Petroleum Company Limited, paid for in naira, but requires about 13 cargoes each month to fully meet Nigeria’s fuel demand.
To improve distribution, the company revealed plans to deploy trucks powered by compressed natural gas (CNG) beginning this month, aimed at speeding up delivery and lowering transportation costs across the country.
Despite global challenges, the refinery maintained that large-scale domestic refining will reduce Nigeria’s dependence on imported fuel and help protect the country from severe shortages during international crises.
