The Dangote Petroleum Refinery exported approximately 466,000 metric tonnes of aviation fuel (jet fuel) to Europe in June, making Nigeria one of the largest suppliers to the European market during the month.
The shipment, estimated at about 582.5 million litres, is valued at roughly N757 billion based on current domestic pricing estimates. The export volume represents the highest level of Nigerian jet fuel shipments to Europe since the country became a net exporter of aviation fuel in 2024.
According to a report by S&P Global Commodity Insights, the increase in exports occurred as the European jet fuel market faced weaker prices and growing concerns over oversupply following a decline from previous highs recorded during tensions in the Middle East.
The report showed that Nigeria’s jet fuel exports to Europe increased significantly from 232,000 metric tonnes in May to 466,000 metric tonnes in June, largely driven by increased production from the Dangote refinery.
Meanwhile, jet fuel supplies from the United States to Europe declined during the same period. American exports fell from a record 818,000 metric tonnes in April to 560,000 metric tonnes in May and further down to 399,000 metric tonnes in June, allowing Nigeria to become a larger supplier during the month.
A market trader attributed the increased supply pressure partly to higher production from Nigerian and US refineries, noting that refiners had delayed maintenance activities to take advantage of earlier high prices.
The report also revealed that European jet fuel prices have weakened significantly after reaching record levels. The Northwest Europe jet fuel price assessment dropped from $1,694.25 per metric tonne in March to $981.75 per metric tonne by the end of June, reflecting concerns over excess supply and softer aviation demand.
Analysts expect Europe could receive additional supplies in coming months as exporters from regions such as the Middle East and India take advantage of favourable shipping opportunities.
While shipments from the United Arab Emirates and Kuwait were limited in June, exports from Saudi Arabia increased significantly, while supplies from India also recorded growth.
Market participants said future price movements will depend on developments around the Strait of Hormuz, the recovery of Middle Eastern refineries and the strength of seasonal travel demand.
Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority showed that the Dangote refinery exported about 1.66 billion litres of refined petroleum products in April 2026, including petrol, diesel and aviation fuel.
The refinery has played a major role in Nigeria’s transition from a country heavily dependent on imported refined products to an emerging exporter. It is currently the only major operational refinery in the country producing enough refined products for both domestic consumption and international markets.
Nigeria recently became a net exporter of petrol for the first time in decades, with increased production from the Dangote refinery helping to transform the country’s position in the global refined petroleum market.
