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The Dangote Petroleum Refinery has disclosed that it is currently receiving only five crude oil cargoes per month, far below the 15 cargoes required to operate optimally.
According to the refinery’s management, the shortfall in crude supply is largely due to inadequate allocations from the Nigerian National Petroleum Company (NNPC) and challenges in enforcing domestic supply obligations.
The refinery noted that the limited supply has forced it to rely on sourcing crude from international markets, often at higher costs, which has implications for fuel pricing in Nigeria.
Industry reports indicate that the gap between supply and demand is creating operational pressure on the refinery, especially as global crude oil prices continue to rise due to geopolitical tensions, including the crisis in the Middle East.
Despite the constraints, the refinery maintained that it remains committed to prioritising domestic fuel supply, even as it navigates the challenges of sourcing adequate crude feedstock.
Energy experts warn that unless the supply gap is addressed, it could continue to affect production capacity and contribute to fluctuations in petrol prices across the country.
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Oyetoke Adedayo Ebenezer
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