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Dangote Refinery has cut petrol production by 34%, raising supply concerns amidst global oil price hikesNigeria faces renewed fuel import reliance as domestic production slows and prices fluctuateOperational issues at Africa’s largest refinery highlight the critical role in Nigeria’s energy security and market stability
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Nigeria’s fuel market is facing renewed uncertainty after the Dangote Refinery reportedly reduced petrol production, prompting fuel marketers to increase imports of cheaper products amid concerns over supply stability.
The development comes at a sensitive period for global energy markets, with rising crude oil prices and geopolitical tensions already putting pressure on fuel costs worldwide.
Africa’s largest refinery cuts down on petrol production as maintenance continues. Credit: Bloomberg/ContributorSource: Facebook
Dangote Refinery cuts petrol output
According to industry monitor IIR Energy, the Dangote Refinery has reduced operating rates at its key gasoline-producing unit, the
