Dangote Refinery to supply 65m litres of petrol daily

The Dangote Petroleum Refinery has agreed an offtake agreement with 12 major and independent oil marketers to distribute between 60 and 65 million litres of petrol daily across the country.

The move, which is a landmark agreement in the downstream sector of the oil industry, is expected to stabilise supply and deepen Nigeria’s fuel self-sufficiency.

This arrangement was disclosed in a statement by the Chairman of Dangote Group, Aliko Dangote, in Lagos, noting that this structured offtake agreement would guarantee nationwide availability of petrol as well as exporting surplus volumes.

Dangote said the structured agreement guarantees adequate domestic supply while allowing for exports of surplus volumes.

“We have agreed an offtake framework to supply up to 65 million litres daily for the domestic market. Any surplus, estimated at between 15 and 20 million litres, will be exported.”

Nigeria’s current daily petrol consumption ranges between 50 and 60 million litres, meaning the refinery’s output now exceeds domestic demand — a major shift from decades of reliance on imported refined products.

Under a revised distribution framework endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the refinery will channel supply nationwide through major marketers.

The companies listed under the arrangement include:

MRS Oil Nigeria Plc, Nigerian National Petroleum Company Limited (Retail arm). 11 Plc.TotalEnergies Marketing Nigeria Plc, Rainoil Limited. Northwest Petroleum & Gas Company Limited, and  Ardova Plc.

Others are Bovas & Company Limited, AA Rano Nigeria Limited, AYM Shafa Limited, Conoil Plc and Masters Energy Oil and Gas Limited.

According to the refinery, the structured model is designed to eliminate supply bottlenecks and curb speculative practices that have historically triggered fuel shortages.