By Oahimire Omone Precious | Edited by Henry Owen
Lagos, November 5, 2025 — Nigerian energy giant Oando Plc has announced the suspension of petrol importation into the country following major disruptions in the downstream oil market caused by the commencement of domestic fuel supply by the Dangote Refinery.
The company stated that the new dynamics introduced by the Dangote Refinery’s local production have led to a 20 per cent drop in Oando’s trading revenue, compelling a strategic review of its import operations.
According to Oando, the availability of refined petroleum products from Dangote’s facility has reshaped supply and pricing patterns within the Nigerian oil and gas market, leaving import-dependent companies reassessing their positions.
“The commencement of domestic fuel supply by the Dangote Refinery has significantly impacted market flows and pricing. As a result, we have temporarily suspended petrol importation while evaluating new opportunities within the emerging local refining landscape,”
the company stated.
The $20 billion Dangote Refinery, Africa’s largest single-train refinery, recently began supplying refined products to the Nigerian market — a development expected to reduce Nigeria’s reliance on imported fuel and save billions in foreign exchange.
However, analysts say the transition period could bring short-term instability to fuel marketers as the market adjusts to local production dominance and new distribution models.
Oando reaffirmed its commitment to aligning with Nigeria’s evolving energy framework, emphasizing plans to strengthen partnerships with domestic refiners and optimize its operations for long-term growth.
Stone Reporter News
📰 Truth in Action
🌍 stonereportersnews.com | ✉️ info@stonereportersnews.com
📘 Facebook: Stone Reports | 🐦 X (Twitter): @StoneReportNew | 📸 Instagram: @stonereportersnews
Add comment
Comments