According to S&P Global, the cost of transporting clean petroleum products from Northwest Europe to West Africa has risen from US$29.70 per metric tonne at the end of June to US$37.12 per metric tonne, as vessels reposition to serve alternative markets.

This is according to the latest market intelligence from S&P Global Commodity Insights.

Dangote Petroleum Refinery & Petrochemicals continues to shield the Nigerian market from external price shocks, maintaining stable domestic fuel