Analysts at S&P Global Commodity Insights revealed that Nigeria has become the largest importer of refined petrol in Africa as petrol shipments from Europe to Africa increase.

Crude oil shipments from the Middle East to Europe have increased significantly following the E.U.’s ban on Russian oil since April 2023.

As a result, surplus refined petrol ships from Europe are heading to Africa with Nigeria the major destination.

However, the report cautioned that Nigeria’s petrol import from Europe is not expected to last long with full production from the 650,000-barrel Dangote refinery.

It noted that European petrol exporters will have to find alternative destinations when that happens or reduce supply to Africa in general.
https://nairametrics.com/2024/03/14/nigeria-becomes-africas-largest-importer-of-refined-petrol-from-europe-sp/?utm_source=substack&utm_medium=email

And we have 5 Refineries.

Depriest2020:
And we have 5 Refineries.

EVen with Dangote refinery sef.

Subsidy is back and our neighbours are getting cheap fuel via our imports. That's the meaning.

You own a farm that produces Cassava. You sell Cassava to vendors at N100, then buy the processed garri from retailers in the market at N500 to feed your family

Make this make sense

socialmediaman:
You own a farm that produces Cassava. You sell Cassava to vendors at N100, then buy the processed garri from retailers in the market at N500 to feed your family

Make this make sense

you nail it bro. We have the most stupid and wicked leaders in the world

It's just for the main time. Nigeria will stop importing petrol in 2024.

CodeTemplar:
Subsidy is back and our neighbours are getting cheap fuel via our imports. That's the meaning.

You biafrans and obi supporters just love spreading fake news

https://punchng.com/petrol-importation-reduced-by-50-says-fg/

Paraman:
You biafrans and obi supporters just love spreading fake news

https://punchng.com/petrol-importation-reduced-by-50-says-fg/

Wetin concern Obi with subsidy reintroduction again bros?

Emilokan

DatNiggaDaz:
Emilokan

The two biggest clowns. Lol

nothingspoil70:
The two biggest clowns. Lol

I understand that there's a sensitive issue regarding Nigeria's fuel production. It seems that some groups are opposed to producing fuel locally, as it could eliminate opportunities for misappropriation when buying fuel from abroad. It's a complex situation

CodeTemplar:
Wetin concern Obi with subsidy reintroduction again bros?

"Obi supporters"

Paraman:
"Obi supporters"

call to accountability is now an association with one Obi. That Obi must be really upright o.

I just observed that all the above comments were made by people who didn't read the article

Okoroawusa:
I just observed that all the above comments were made by people who didn't read the article

Lol