Dangote Petroleum Refinery & Petrochemicals has disclosed that its landed processed crude costs stood at $124.80 per barrel in May, falling to $95.25 in June.
The figures provide a rare window into the input costs for Africa’s largest refinery as it navigates a period of volatile global energy markets.
Brent crude futures traded just above $72 a barrel on Friday, while West Texas Intermediate settled below $69, as the market absorbed a significant rebound in Persian Gulf supply.
The disclosure comes as international crude benchmarks have stabilized following recent geopolitical tensions.
Brent crude futures traded just above $72 a barrel on Friday, while West Texas Intermediate settled below $69, as the market absorbed a significant rebound in Persian Gulf supply.
The price action was muted by thin liquidity, but the broader trend suggests a cooling of the risk premium that had previously driven prices higher.
The contrast between Dangote’s input costs and current global benchmarks underscores the structural challenges facing African refiners.