Aliko Dangote, Chairman of the Dangote Group, announced that petrol from his state-of-the-art 650,000 barrels-per-day refinery could reach Nigerian filling stations within 48 hours, pending final agreements with the Nigerian National Petroleum Company Limited (NNPCL). The refinery’s petrol promises to be of superior quality compared to what’s currently on the market, with enhanced environmental and engine protection benefits.
“Our Premium Motor Spirit (PMS) can be available at filling stations within the next 48 hours, depending on NNPCL’s arrangements,” Dangote stated during a recent broadcast from the refinery. The final pricing and distribution details are awaiting approval from the Federal Executive Council, led by President Bola Ahmed Tinubu.
Dangote highlighted that his refinery’s petrol is clearer and more environmentally friendly than the standard fuel currently available. “The sample of our petrol looks different because it’s of better quality. You will now have a good and genuine product, and the engines of your vehicles will last longer without the issues commonly associated with lower-quality fuels,” he assured.
The Dangote refinery, which commenced operations in December 2023, aims to reach full production capacity by the end of the year. It has already begun supplying diesel and aviation fuel to the market and is now set to provide petrol. The refinery’s Euro-5 diesel, containing less than 10 parts per million (PPM) of sulphur, is expected to reduce engine wear and environmental impact.
This development comes as Nigeria continues to grapple with severe fuel shortages and escalating prices, with fuel costs tripling since the removal of subsidies in May 2023. Dangote’s announcement offers hope for a potential easing of the crisis, as his refinery’s output could help reduce the country’s reliance on imported fuel.
Nigeria’s ongoing energy challenges have been compounded by non-operational state-owned refineries and disputes over crude supply, including issues between Dangote’s refinery and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Despite these challenges, Dangote remains optimistic about making a significant impact on the country’s fuel supply, emphasizing that his facility’s output will meet the highest global standards.
“We are committed to delivering a product that meets the quality of fuel found in the US and other advanced markets,” Dangote said, assuring Nigerians of a steady supply of high-quality petrol that could help alleviate the nation’s fuel woes.
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