Dangote Refinery shields Nigerians from global fuel price shock - S&P

Author: Udeme AkpanPublished on: July 15, 2026Country: Nigeria

Business & Economy

Dangote Refinery shields Nigerians from global fuel price shock - S&P

According to S&P Global Commodity Insights, the Dangote Refinery continues to shield the Nigerian market from rising international gasoline prices, higher freight rates, and tightening global supply. Importers are concerned as Dangote's prices cap the local market, making imports uneconomic. Since the end of May, the refinery has reduced PMS prices by over 200 naira per liter, AGO by 300 naira, and Jet A1 by 520 naira.

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