/ Aug 15, 2026
/ Aug 15, 2026

Dangote exports 1.66bn litres of fuel amid US-Iran tensions

Published on

By

The Dangote Petroleum Refinery & Petrochemicals exported about 1.66 billion litres of refined petroleum products in April 2026 amid growing tensions between the United States and Iran, according to fresh data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

The exports included 513 million litres of Premium Motor Spirit, also known as petrol, 534 million litres of diesel, and 615 million litres of aviation fuel.

The figures were contained in the NMDPRA’s April 2026 fact sheet, which showed that the Lekki-based 650,000 barrels-per-day refinery recorded its highest monthly export volume since commencing operations.

The report said the refinery exported an average of 55.4 million litres of petroleum products daily during the period under review.

The surge in exports comes as fears grow over possible disruptions to global oil supply routes following escalating tensions involving the United States and Iran, particularly around the Strait of Hormuz, a major global oil shipping route.

Industry experts quoted in the report said geopolitical uncertainty had increased demand for refined products from alternative suppliers, with Nigeria emerging as a key source for parts of Africa, Europe and Asia.

The NMDPRA said local refineries achieved an average capacity utilisation of 99.12 per cent in April, with the Dangote refinery accounting for most of the production. The regulator added that the refinery operated at 100 per cent capacity “for most of the days in April.”

The report also showed that domestic refineries received 18.37 million barrels of crude oil in April, compared to 13.11 million barrels in March.

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

Diesel production averaged 23.6 million litres daily, while exports accounted for 17.8 million litres per day, more than twice the domestic supply volume of eight million litres daily.

For aviation fuel, exports stood at 20.5 million litres daily compared to local supply of 2.6 million litres per day.

The development comes weeks after domestic airline operators raised concerns over rising aviation fuel costs.

The report also noted that Nigeria may have become a net exporter of petrol for the first time in decades following increased output from the Dangote refinery. In March, the refinery reportedly exported about 434 million litres of petrol after production exceeded domestic demand.

According to the NMDPRA, Nigerians consumed an average of 51.1 million litres of petrol daily in April, while diesel and aviation fuel consumption stood at 17.3 million litres and 2.5 million litres daily respectively.

The regulator attributed continued high petrol prices partly to global crude oil costs, which averaged $120.55 per barrel in April, while gasoline prices stood at $1,074.97 per metric tonne.

The report said the refinery is expected to play a major role in Nigeria’s energy security and foreign exchange earnings as global fuel trade patterns continue to shift.

Dangote refinery, Nigeria fuel exports, US-Iran tensions, NMDPRA, refined petroleum products, Nigeria petrol exports

You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

Nasarawa State Governor Abdullahi Sule at the signing of a $2 million supplementary lithium agreement with Chinese investors in Abuja.

Governor Sule seals $2m Lithium deal with Chinese Firm

Nasarawa State Governor Abdullahi Sule has presided over the signing of a $2 million supplementary lithium agreement between the state government and Diamond New Energy, following his recent visit to China.   The agreement was signed at the Nasarawa State Governor’s Lodge in Abuja on Friday, August 14, 2026. Sule said the deal would help keep the company’s lithium processing factory operational while protecting jobs created by the investment. > “We are going to keep your factory functional, and we also have an interest as license owners in whatever you are doing in your company. More importantly, the people you have employed will remain employed,” the governor said. According to Channels Television, the governor said the state moved quickly to secure the relevant mining licence to ensure continued access to raw materials and prevent another party from obtaining the licence. The Commissioner for Environment and Natural Resources, Margaret Elayo, expressed appreciation to the investors and said the partnership could encourage further investment in Nasarawa. The signing was witnessed by officials from the state Ministry of Justice, Ministry of Environment and Natural Resources, the Nasarawa State Investment Development Agency (NASIDA), Diamond New Energy and Ganfeng Lithium Industry Limited. Sule also urged the company to maintain peaceful relations with host communities and contribute to their development. He disclosed that payments due to the state under the agreement would be made in foreign currency directly to Nasarawa Mining Company Limited, with the terms subject to periodic review. Agreement builds on 2024 mining deal NASIDA Managing Director and Chief Executive Officer Ibrahim Abdullahi said the state government had signed an exclusive mining cooperation agreement with the company in 2024. He said the partnership had contributed to the completion of what he described as the largest lithium processing refinery in West Africa. The supplementary agreement allows the continued supply of lithium materials from the state government’s mining block to serve as feedstock for the refinery. Abdullahi said the arrangement was expected to create further employment opportunities for young people and women in Nasarawa. He added that the state would receive $2 million immediately upon signing, with additional revenues expected under the agreement. A representative of Diamond New Energy, David Siong, said the company remained committed to expanding its operations in Nasarawa, including local processing of resources, job creation and supporting economic development in host communities. The Attorney-General and Commissioner for Justice, Isaac Danladi, also presented copies of a deed of assignment transferring the mining rights and interests of Nasarawa Mining Company within 3.5 mining cadastral units in Endo, Nasarawa Local Government Area, to Ganfeng Lithium Industry Limited.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.