Dangote refinery gains edge as fuel import costs rise

Fuel import costs are outpacing the Dangote Petroleum Refinery's selling prices, causing oil marketers to draw more products from the facility, the Major Energies Marketers Association of Nigeria (MEMAN) reported on September 17, 2026. The refinery's gantry price for Premium Motor Spirit (PMS) reached N1,350 per litre, while the estimated import parity price ranged between N1,364.02 and N1,365.02 per litre at the NPSC/ASPM jetty in Apapa.

The seven-day average import parity price was higher at N1,371.92 per litre, indicating that importing PMS was N14 to N22 more expensive than drawing it from the refinery.

Diesel prices mirrored this trend, with Dangote's gantry price at N1,850 per litre and the estimated landed cost at N1,933.56 per litre. Coastal PMS prices were listed at N1,330 per litre, while its aviation gas oil (AGO) priced at $1,580.75 per metric tonne. The coastal movements saw 219,000 metric tonnes of petroleum products passing through Lagos, Warri, and Port Harcourt between September 14 and 20, with many vessels being loaded at the Dangote refinery or supplied from other sources.

Despite the rising import costs, Dangote's products continue to play a significant role in Nigeria's coastal supply chain. The refinery's gantry prices, which include regulatory charges, reflect the economics of importing petroleum products amidst fluctuating international prices, exchange rates, freight, and landing costs.