Report: Dangote refinery reduced diesel price due to relaxed quality controls

According to a report on Thursday by S&P Global, high-sulphur diesel from the Dangote refinery led to the decision by the refiner to lessen domestic prices by 37 percent.

The report said three market sources confirmed the refinery’s first diesel supplies have been marketed with a sulphur content of around 650 parts per million — higher than the 200 ppm cap that the Nigerian Midstream and Downstream Petroleum Regulatory Authority has enforced on imported product since March.

S&P Global said the refiner has been pressured to alleviate surging fuel import costs amid the rapid depreciation of the naira, “which has seen diesel prices nearly double year on year”. The publication said neither Dangote nor the NMDPRA were available for comment on the quality of supply from the refinery nor the permitted sulphur cap.S&P Global said pressure from cheap Dangote diesel supplies has exacerbated the growing uncertainty surrounding diesel flows into West Africa, as traders have responded to rapid specification changes.

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