Nigeria’s Dangote Petroleum Refinery exported 466,000 metric tonnes of jet fuel to Europe in June, the shipment, worth about ₦757 billion, surpassed supplies from the United States.
Nigeria’s exports doubled from 232,000 tonnes in May to 466,000 in June. That equals 582.5 million litres of jet fuel, valued at ₦1,300 per litre.
Meanwhile, U.S. shipments fell. Exports dropped from 818,000 tonnes in April to 560,000 in May, and then to 399,000 in June.
A trader explained the oversupply: “Refineries boosted production when prices were high. Dangote and the U.S. shipped large volumes, and flows from the Middle East are returning.”
Prices in Europe weakened. The Northwest Europe jet CIF cargo assessment for July fell to $981.75 per tonne on June 30, down from $1,694.25 in March. The August contract also dropped from $1,507.50 to $968.25.
Saudi Arabia and India increased exports. Saudi shipments rose from 7,000 tonnes in May to 106,000 in June. India’s exports climbed from 129,000 to 197,000 tonnes.
Despite oversupply, traders expect summer travel and refiners’ focus on diesel to help balance the market.
Nigeria’s Midstream and Downstream Petroleum Regulatory Authority reported that Dangote exported 1.66 billion litres of refined products in April 2026. This included 513 million litres of petrol, 534 million litres of diesel, and 615 million litres of jet fuel.
The refinery is Nigeria’s only major producer of refined fuel. Rising output has turned the country into a net exporter of petrol for the first time in decades. In March, Dangote exported 434 million litres of petrol after meeting local demand.
Nigeria is shifting from being a major importer to becoming an export hub in Africa. Analysts expect jet fuel exports to rise further as Middle East instability disrupts traditional supply routes.
