Nigeria Becomes Net Gasoline Exporter Driven by Dangote Refinery Output
Nigeria transitioned to a net exporter of gasoline in March 2026, with exports reaching 55,000 barrels per day and imports dropping to 40,000 barrels per day. This shift is attributed to the Dangote refinery operating near its full capacity of 650,000 barrels per day.
Substrate placeholder — needs reviewcom. The change occurred in March 2026, when gasoline exports increased to 55,000 barrels per day while imports decreased to about 40,000 barrels per day. This import level represents the lowest in a decade for the country. The development addresses Nigeria's previous imbalance as a major crude oil exporter that relied on imports to meet domestic fuel demand.
com reported that the shift is driven by the Dangote refinery, which is operating near its full capacity of 650,000 barrels per day.
com report. This occurs amid ICE jet fuel crack spreads ranging from $90 to $110 per barrel and Amsterdam-Rotterdam-Antwerp stocks at multi-year lows in April 2026. High freight costs and unstable crude supply are limiting the extent of these exports to Europe, according to the report.
Global refining margins for diesel and jet fuel are at elevated levels.
The Dangote refinery is contributing to supply in a market facing shortages of refined products. OilPrice.com noted that the facility is providing products during a period of high crack spreads.
Key Facts
Story Timeline
3 events- April 2026
Amsterdam-Rotterdam-Antwerp stocks reached multi-year lows, with Nigeria exporting around 100,000 b/d of jet fuel to Europe.
1 sourceOilPrice.com - March 2026
Nigeria became a net gasoline exporter with exports at 55,000 b/d and imports at 40,000 b/d.
1 sourceOilPrice.com - Recent period
Dangote refinery began operating near full capacity of 650,000 b/d, driving the export shift.
1 sourceOilPrice.com
Potential Impact
- 01
Europe's refined product shortages may ease slightly due to Nigerian jet fuel exports.
- 02
Nigeria's domestic fuel supply could stabilize with reduced import reliance.
- 03
Unstable crude supply could limit Dangote refinery's sustained output.
- 04
High freight costs might constrain further expansion of exports to Europe.
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