Refined Products, Gasoline, Jet Fuel, Diesel-Gasoil, LPG, Naphtha
May 09, 2025
Platts launches West Africa Weekly Refined Products Commentary
HIGHLIGHTS
New commentary complements the launch on April 7 of FOB West Africa and STS Lome Gasoline and Low Sulfur Diesel, and existing Jet Fuel and 3000 ppmS Gasoil, price assessments
Platts, part of S&P Global Commodity Insights, has observed shifting supply dynamics in West Africa for refined products since the Dangote refinery started operations in December 2023 producing jet fuel, naphtha, gasoil and fuel oil since Q1 2024, before producing diesel mid-2024 and most recently 50 ppm sulfur gasoline in September 2024, displacing imports, predominantly from Europe, into West Africa. At the same time, the startup of Nigeria's Warri and Port Harcourt refineries are also adding to the change in supply and pricing fundamentals in West Africa, which continues to import quantities of gasoline and other refined products.
As part of its commitment to provide transparency and analysis on oil markets, Platts will publish a West Africa Weekly Refined Products Commentary on Fridays starting from May 9, 2025, in European Marketscan and on Platts Global Alert and Platts Refined Products Alert fixed pages 1180.
The new commentary accompanies the recent launch of a number of new price assessments for the region for gasoline (please see subscriber note: https://www.spglobal.com/commodity-insights/en/pricing-benchmarks/our-methodology/subscriber-notes/040725-platts-launches-west-africa-gasoline-outright-price-assessments-cash-differentials) and low sulfur diesel (please see subscriber note: https://www.spglobal.com/commodity-insights/en/pricing-benchmarks/our-methodology/subscriber-notes/040725-platts-launches-low-sulfur-diesel-sts-lome-assessment), effective April 7, 2025, complementing existing West Africa price assessments for jet fuel, 3000 ppmS gasoil and gasoline.
Details of the new assessments are as follows:
| Assessment | Status | Location | Description | Symbol |
| Gasoline FOB West Africa | Launched on April 7 | Nigeria (Lekki and Lagos) | AWFRC00 | |
| Gasoline FOB West Africa Diff (NWE) | Launched on April 7 | Nigeria (Lekki and Lagos) vs NWE (Amsterdam and Rotterdam) | Gasoline FOB West Africa (AWFRC00) vs Gasoline Prem Unleaded 10ppmS FOB AR Barge (PGABM00) | AWFRD00 |
| Gasoline FOB West Africa Diff (Med) | Launched on April 7 | Nigeria (Lekki and Lagos) vs Med (Santa Panagia, Italy) | Gasoline FOB West Africa (AWFRC00) vs Gasoline Prem Unleaded 10ppmS FOB Med Cargo (AAWZA00) | ABNWE00 |
| Gasoline STS Lome | Launched on April 7 | Togo (STS Lome) | ABNWG00 | |
| Gasoline STS Lome Diff (NWE) | Launched on April 7 | Togo (STS Lome) vs NWE (Amsterdam and Rotterdam) | Gasoline STS Lome (ABNWG00) vs Gasoline Prem Unleaded 10ppmS FOB AR Barge (PGABM00) | ABNWH00 |
| Gasoline STS Lome Diff (Med) | Launched on April 7 | Togo (STS Lome) vs Med (Santa Panagia, Italy) | Gasoline STS Lome (ABNWG00) vs Gasoline Prem Unleaded 10ppmS FOB Med Cargo (AAWZA00) | ABNWI00 |
| Low sulfur diesel FOB West Africa | Clarification on April 7 | Nigeria (Lekki and Lagos) | AWFRA00 | |
| Low sulfur diesel STS Lome | Launched on April 7 | Togo (STS Lome) | )ABNWF00 |
Details of the existing assessments are as follows:
| Assessment | Location | Symbol |
| West Africa Cargoes FOB NWE | Amsterdam | AAKUV00 |
| West Africa Cargoes CIF West Africa | Lome and Lagos | AGNWC00 |
| Jet FOB STS Lome | Lome | AJWAA00 |
| Gasoil FOB STS Lome West Africa Cargo | Lome | AGNWD00 |
The methodological details of each assessment can be found in Platts Specifications Guide for Europe And Africa Refined Oil Products: https://www.spglobal.com/commodityinsights/plattscontent/_assets/_files/en/our-methodology/methodology-specifications/Europe-africa-refined-products-methodology.pdf
Platts continues to monitor evolving West Africa oil product flows and seeks industry feedback on its existing West African refined oil products assessment methodology and content.
Please send any feedback, questions or comments to europe_products@spglobal.com and pricegroup@spglobal.com .
For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.