Dangote threatens to export petrol as imports rise

The Dangote Petroleum Refinery has threatened to export excess petrol stocks as rising imports create uncertainty around domestic demand and make inventory planning increasingly difficult. The refinery said imported Premium Motor Spirit (petrol) accounted for approximately 43 per cent of fuel supplied into the Nigerian

Seaborne petroleum product exports from Nigeria have grown sevenfold since 2023, as output from the Dangote refinery improved regional fuel trade ​flows and boosted supplies to Europe and Africa, the U.S. ‌Energy Information Administration said on Monday.