The Nigerian National Petroleum Company Limited (NNPC) has intensified its crude oil supply to the Dangote Petroleum Refinery in response to soaring global oil prices, which have risen to $108 per barrel. This move aims to stabilize fuel availability across Nigeria amid ongoing market volatility, largely driven by geopolitical tensions in the Middle East. The NNPC's proactive measures highlight the importance of local refining in meeting the country’s energy demands and reducing dependency on imported petroleum products.

During a recent webinar held by the Major Energies Marketers Association of Nigeria, NNPC Retail Limited's Managing Director, Hubb Stokman, emphasized the company's commitment to ensuring supply security as it fulfills its role as a 'supplier of last resort.' He reassured stakeholders that NNPC is dedicated to maintaining a stable and continuous supply of petroleum products throughout the nation, which is critical given the current price fluctuations and supply chain challenges in the global oil market.

The increasing reliance on domestic refining, as exemplified by the collaboration between NNPC and Dangote, reflects Nigeria's strategic shift towards self-sufficiency in fuel production. This collaboration not only aims to mitigate the impact of international price volatility but also represents a significant step in enhancing the country’s energy security and fostering economic stability amid rising operational challenges in the oil sector.