downstream sector

Dangote Petroleum Refinery supplied more than 203,500 metric tonnes (MT), equivalent to about 272.7 million litres, of Premium Motor Spirit (PMS) to independent downstream marketers in July 2026, with Ardova Plc emerging as the largest identified domestic buyer, according to a loading operations schedule obtained by Petroleumprice.ng

Dangote Petroleum Refinery has announced a reduction in its ex-depot prices for petrol and diesel, lowering the gantry price of petrol to ₦1,165 per litre from ₦1,215 per litre, while diesel has been reduced to ₦1,570 per litre from ₦1,650 per litre

Fresh cargoes of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Liquefied Petroleum Gas (LPG) and Jet A1 continue to arrive at Nigeria's coastal petroleum terminals as downstream operators intensify stock replenishment to sustain fuel distribution across the country. The latest tanker position report monitored by Petroleumprice.ng shows active discharge operations and scheduled berthing activities across Lagos, Warri, Port Harcourt and Calabar, highlighting a steady flow of products into the nation's key supply hubs.

Africa's largest oil refinery, the Dangote Petroleum Refinery, is preparing to raise about $5 billion through an initial public offering (IPO) expected in October, according to a source familiar with the matter. The landmark listing is set to become one of the largest capital market transactions in Africa and will provide fresh funding to expand operations and strengthen the refinery's position as a leading supplier of refined petroleum products across the continent.

Dangote Petroleum Refinery is considering a review of its petrol and diesel prices as it evaluates prevailing market conditions, with industry sources indicating that the company is assessing its pricing strategy amid increasing competition across Nigeria's downstream sector

Cameroon and Togo emerged as the leading export destinations for refined petroleum products loaded from the Dangote Petroleum Refinery in July 2026, according to a loading operations schedule obtained by Petroleumprice.ng

The Federal Government has assured the Dangote Petroleum Refinery that it will receive adequate foreign exchange to pay for crude oil purchases after selling refined petroleum products in naira, in a move aimed at easing the refinery's growing forex burden and sustaining domestic fuel supply.

The Dangote Petroleum Refinery received 23 crude oil cargoes totaling about 2.04 million metric tonnes and 7.16 million barrels between July and early August 2026, with Nigerian grades accounting for nearly 70% of scheduled deliveries, according to a vessel movement schedule reviewed by petroleumprice.ng

Nigeria's downstream petroleum market extended its bearish momentum during the final trading week of July as depot prices for Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) declined across most major supply hubs. The broad-based price moderation reflected improved product availability, increased competition among private depot owners and easing replacement cost pressures, despite international crude oil prices remaining relatively firm throughout the week.

Fresh petroleum cargoes continue to arrive at Nigeria's major coastal depots as downstream operators intensify stock replenishment efforts to sustain nationwide fuel distribution. The latest tanker position report monitored by Petroleumprice.ng shows a steady flow of Premium Motor Spirit (PMS), Automotive Gas Oil (AGO) and Liquefied Petroleum Gas (LPG) cargoes into Lagos, Warri, Port Harcourt and Calabar between July 26 and July 31, reflecting continued supply activity across the country's key distribution corridors.

Nigeria's domestic refining capacity could rise to 2.64 million barrels per day (bpd) by the end of 2030 as 24 new refinery projects progress through various stages of development, reinforcing the country's ambition to become a leading refining hub in Africa.

The Dangote Petroleum Refinery has unveiled the first phase of its free petrol delivery programme, extending direct supply to marketers in six states as part of its Vision 2030 industrialisation strategy aimed at strengthening fuel distribution and improving product accessibility across Nigeria

Diesel depot prices have started climbing across major Nigerian supply hubs as Brent crude surged to nearly $90 per barrel, signalling fresh cost pressures in the downstream market after international oil prices rebounded sharply on Wednesday

Private petroleum depot owners in Lagos have intensified competition in Nigeria's diesel market after slashing Automotive Gas Oil (AGO) prices below Dangote Refinery's ex-depot rate, signalling a fresh pricing battle that could ease procurement costs for marketers and bulk consumers.

Petroleumprice.ng has officially announced the timetable for the 2026 Petroleumprice.ng Awards, setting in motion what promises to be another landmark recognition programme celebrating excellence, innovation and outstanding contributions across Nigeria's downstream petroleum industry