Why has Dangote Petroleum Refinery started pricing local fuel sales in U.S. dollars?

Dangote Petroleum Refinery began pricing fuel products in U.S. dollars because it faces difficulties securing sufficient crude oil under Nigeria's naira-for-crude programme and is contending with rising global oil prices; the refinery had been absorbing a currency mismatch by selling fuel in naira while sourcing crude in dollars, but limited crude supply under the naira-for-crude programme undermined that arrangement's viability.

What are the new dollar-denominated ex-depot fuel prices set by Dangote for the Nigerian market?

Dangote has set the ex-depot price of petrol at $0.779 per litre, diesel at $1.087 per litre, and aviation fuel at $0.942 per litre, according to a pricing template circulated to fuel marketers.

Nigeria's Dangote begins pricing local fuel sales in dollars, citing crude supply constraints

Jul 14, 2026

Dangote Petroleum Refinery has begun pricing local fuel products in U.S. dollars due to crude supply shortages under the naira-for-crude programme, impacting domestic prices and dollar demand.

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