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Tuesday, September 29, 2026

Dangote Refinery Capacity Utilization Surges to 105% in August Following Crude Supply Rebound

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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Data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows that the 700,000 bpd Dangote Petroleum Refinery rebounded to an average capacity utilization of 105.21% in August 2026 (processing 736,470 bpd), up sharply from 71.0% utilization (497,000 bpd) in July.

The operational acceleration follows a 16.75% surge in domestic crude oil deliveries (reaching 683,000 bpd in August).

Total daily production of refined white products—Premium Motor Spirit (PMS), Automotive Gas Oil (AGO/diesel), and Aviation Turbine Kerosene (ATK)—averaged 84.43 million liters per day, positioning the complex as the primary fuel supplier across West Africa while displacing foreign imports.

Key Operational & Market Dynamics

  • Displacing Seaborne Gasoline Imports: Dangote’s domestic petrol delivery rose 39% MoM to 35.87 million liters per day in August, accounting for 71% of Nigeria’s total domestic PMS supply (50.5 million liters per day). As a direct consequence, national petrol imports fell 26% to 14.60 million liters per day.

  • Expanding Export Revenue Streams: In addition to satisfying the bulk of domestic consumption, the complex exported 9.73 million liters of PMS daily, alongside 8.75 million liters of diesel and 21.30 million liters of aviation fuel, solidifying Nigeria’s transition into a net exporter of refined petroleum products.

  • Diesel Import Collapse: Domestic diesel imports plunged from 7.90 million liters per day in July to 1.30 million liters per day in August, as Dangote’s domestic AGO deliveries (12.37 million liters per day) fully supplied industrial transport and power generation networks.

  • Secondary Market Alignment for IPO: The operational recovery to 105% nameplate capacity provides operational validation as the ₦2.15 trillion Dangote Refinery IPO enters its third week of public subscription (open through October 13).



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