Why has Nigeria's gasoline import volume more than tripled in June compared to May?

Nigeria's gasoline imports surged to 18.1 million liters per day in June — more than triple May's 5.6 million liters per day — because the Dangote Refinery, which supplied 90% of the nation's gasoline in May, cut domestic supply and prioritized exports to earn foreign currency, citing inability to access sufficient dollars from the central bank and unreliable crude supply from NNPC under the naira-for-crude arrangement.

What are the main reasons Dangote Refinery is exporting fuel instead of supplying the domestic market?

Dangote Refinery is exporting fuel primarily because it cannot obtain enough foreign exchange (dollars) from the central bank to purchase feedstock, and it faces inconsistent and inadequate crude oil supply from NNPC under the naira-for-crude program — making domestic naira sales economically unsustainable compared to dollar-denominated exports.

Nigerian Fuel Imports Surge as Dangote Refinery Favors Exports

Jul 22, 2026

Nigeria's gasoline imports more than tripled in June as the Dangote Refinery prioritized exports due to foreign exchange shortages and unreliable crude supply from the state-owned NNPC.

bloomberg

2026-04-16

Billionaire Dangote Boosts Jet Fuel Exports to Europe as War Hits Supply

2026-04-20

Dangote Refinery Plans Expansion Into High-Margin Chemicals

2026-04-23

Dangote Agrees to Help East Africa Build Refinery in Tanzania

2026-04-27

Jet Fuel Crisis: A Boon for Nigeria's Dangote, But Not for Local Airlines

2026-04-28

Nigeria caps jet fuel prices to avert airline disruptions