NNPC Considers Supplying Foreign Crude to Dangote Refinery Amid Rising Fuel Prices

Category: Economy |

Nigeria TV Info 

NNPC Considers Supplying Foreign Crude to Dangote Refinery Amid Rising Fuel Prices

The Nigerian National Petroleum Corporation (NNPC) is reportedly exploring sourcing foreign crude oil for the Dangote Refinery as domestic supply constraints and rising global fuel prices pressure the local market. Officials say the move aims to ensure continuous refinery operations, stabilize fuel supply, and mitigate inflationary effects on petroleum products. The Dangote Refinery, Africa’s largest, depends on consistent crude supply to meet both domestic and export demands. Analysts warn that using foreign crude may impact forex reserves but could prevent domestic fuel shortages.

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