Dangote’s jet fuel now accounts for at least two-thirds of Nigeria’s supply and nearly half of the jet fuel consumed across West Africa, according to data from Energy Intelligence, a US-based tracker of oil and gas trends.
Data from Energy Intelligence, indicates that the refinery, with a capacity of 650,000 barrels per day), has significantly reduced aviation fuel imports into Nigeria.
Furthermore, this has resulted in a price drop of about $2 to $3 per metric ton, enhancing the competitiveness of the local aviation sector.
“We’re already buying from Dangote [now] it’s slightly cheaper or at least the same price as imports,” Asharami Synergy’s managing director, Foluso Sobanjo, told Energy Intelligence in an interview.
Nigeria’s jet fuel imports have dramatically fallen from 13,000 barrels per day (b/d) in 2023—when they satisfied all domestic demand—to only 5,000 b/d so far in 2024, according to the report.
The influence of the Dangote refinery extends beyond Nigeria, affecting markets across West Africa.
The report indicates that regional jet fuel imports from outside West Africa have decreased from 34,500 barrels b/d in 2023 to just 17,900 b/d in 2024.
Current loading schedules show shipments of Dangote jet fuel being sent to Benin, Senegal, Togo, The Gambia, and Gabon.
According to Kpler’s tanker tracking data, Dangote Refinery has exported 1.1 million tons (35,000 barrels per day) of jet fuel since it began shipments in March.
Of these exports, nearly 290,000 tons were sent to Europe, 315,000 tons to South America, with the remainder primarily distributed across West Africa.
However, exports have slowed slightly since September, indicating an increase in domestic sales.
Energy Intelligence reports that since April, an additional 94,000 tons of Dangote jet fuel have been shipped to Nigerian ports, primarily in Lagos.
