Dangote refinery 65m-litre petrol deal will supply up to 65 million litres daily, boosting fuel stability and reducing imports in Nigeria

President of the Dangote Group, Aliko Dangote, has announced that the Dangote Petroleum Refinery has signed an agreement with 12 leading petroleum marketing companies to distribute between 60 million and 65 million litres of Premium Motor Spirit daily across Nigeria.

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The Dangote refinery 65m-litre petrol deal, unveiled in Lagos, is designed to guarantee steady nationwide supply while exporting surplus volumes once domestic needs are met.

Aliko Dangote said the refinery had agreed an offtake framework to supply up to 65 million litres daily for the local market.

He added that any excess, estimated between 15 million and 20 million litres per day, would be exported.

Nigeria’s daily petrol consumption currently ranges from 50 million to 60 million litres.

The new arrangement means the refinery could supply between 1.8 billion and over 2 billion litres monthly, depending on output levels.

The Dangote refinery 65m-litre petrol deal follows an earlier understanding reached in October 2025 between the refinery and downstream operators to stabilise supply and curb volatility in pump prices.

Under the structured framework, endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, selected marketers will oversee nationwide distribution.

The objective is to ensure efficient logistics, discourage hoarding and prevent speculative pricing.

The participating companies include MRS Oil Nigeria Plc, Nigerian National Petroleum Company Limited Retail, 11 Plc, TotalEnergies Marketing Nigeria, Rainoil Limited, Northwest Petroleum & Gas Company Limited, Ardova Plc, Bovas & Company Limited, AA Rano Nigeria Limited, AYM Shafa Limited, Conoil Plc and Masters Energy.

A statement on the arrangement said the model would conserve foreign exchange, strengthen external reserves and improve Nigeria’s trade balance by reducing reliance on imported fuel.

For decades, Africa’s largest oil producer depended heavily on imported refined products, exposing the economy to exchange rate shocks and supply disruptions.

Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Bashir Ojulari, recently described the refinery as a transformative national asset capable of redefining Nigeria’s energy security framework.

He noted that the facility, designed for 650,000 barrels per day, had achieved live production parameters of 661,000 barrels per day, describing the performance as remarkable.

The Dangote refinery 65m-litre petrol deal represents a decisive step in Nigeria’s post-subsidy downstream reforms under President Bola Tinubu.

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Industry observers say the structured model could usher in a more stable fuel supply chain and significantly reduce the chronic shortages that have long troubled the country.