Dangote Petroleum Refinery has reaffirmed its dedication to making sure a gentle and uninterrupted provide of Premium Motor Spirit (PMS) and Automotive Gasoline Oil (diesel) nationwide, with a day by day manufacturing capability exceeding the home demand.
The group chief branding and communications officer, Dangote Industries Restricted, Anthony Chiejina, stated the refinery’s operations are pushed by the corporate’s dedication to supporting nationwide power stability and client confidence.
“Our refinery is at the moment loading over 45 million litres of PMS and 25 million litres of diesel day by day, which exceeds Nigeria’s demand. We’re working collaboratively with regulatory companies and distribution companions to ensure environment friendly nationwide supply.
“Dangote stays steadfast in its dedication to assembly the power wants of Nigerians. This vital manufacturing capability not solely ensures native provide but in addition enhances power safety and reduces dependence on imports,” Mr Chiejina stated.
He famous that improved native manufacturing of petroleum merchandise has helped stabilise the trade charge and strengthen the naira.
“We’ve got decreased overseas trade outflows and elevated inflows, which in flip helps the naira and strengthens the financial system,” he added.
He additional defined that it could be unpatriotic for anybody to criticise the not too long ago introduced tariff, which, in keeping with him, is an efficient begin. He emphasised that the tariff is designed to guard home industries from unfair competitors and safeguard native manufacturing.
“Dumping engenders poverty, discourages industrialisation, creates unemployment and results in income loss for the federal government. The world over, nations defend their native producers and industries from the specter of dumping. Dumping destroyed our textile trade, which was as soon as a significant employer of labour and creator of wealth,” he stated.
He famous that past the tariff, the federal government ought to strengthen its monitoring and enforcement mechanisms to forestall the dumping of substandard and poisonous petroleum merchandise by unscrupulous and rent-seeking people who prioritise profiteering on the expense of Nigerians, typically undermining well-intentioned authorities insurance policies for his or her egocentric pursuits.
He added that the prevalence of dumping in previous years discouraged buyers from establishing industries in Nigeria, as imported merchandise flooded the market at unsustainable costs, undermining native manufacturing. The brand new tariff coverage, he famous, would profit native refiners and encourage contemporary investments within the downstream oil sector, thereby strengthening Nigeria’s industrial base and creating extra jobs.
He recommended the foresight of President Bola Ahmed Tinubu for approving the tariff coverage aimed toward strengthening and remodeling Nigeria’s downstream oil and gasoline sector. He famous that the choice displays the administration’s dedication to making a steady, business-friendly surroundings that helps native funding and enhances power safety.
“President Bola Tinubu continues to embody brave and visionary management, renewing the hope of Nigerians and restoring investor confidence within the nation’s financial system. His administration’s daring and business-friendly reforms are reshaping the downstream oil and gasoline sector, unlocking new alternatives for industrial progress and nationwide prosperity. The newest coverage initiative stands as a testomony to his foresight — probably the most transformative steps but towards securing Nigeria’s power future and empowering native industries to thrive,” he stated
He warned that failure to guard native industries may result in large-scale dumping from international locations in Asia and Europe with extra manufacturing capability. Such practices, he stated, would strangulate home refineries, cripple allied industries, and undermine the laudable insurance policies of President Bola Tinubu’s administration aimed toward selling industrial progress and financial stability.
Chiejina urged rent-seekers to rethink their enterprise practices and align with the Federal Authorities’s imaginative and prescient for a self-sustaining power sector, somewhat than selling the dumping of petroleum merchandise in Nigeria. He emphasised the necessity for a collective sense of patriotism and duty amongst trade stakeholders, noting that nationwide progress can solely be achieved via shared dedication to insurance policies that strengthen native industries and defend the financial system.
Outfitted with superior expertise and intensive infrastructure, the refinery is predicted to considerably remove reliance on gas imports, improve provide chain stability, and alleviate stress on overseas trade reserves.
President of Dangote Industries Restricted, Aliko Dangote, not too long ago assured Nigerians that the costs of petrol won’t be hiked through the ember months, regardless of latest international value will increase. “I wish to guarantee Nigerians that the Dangote Refinery is absolutely dedicated to sustaining an uninterrupted provide of petrol all through the festive interval. Nigerians can look ahead to a Christmas and New Yr freed from gas anxiousness.”
Since commencing petrol manufacturing in September 2024, Dangote Petroleum Refinery has performed a pivotal position in making certain value stability, decreasing the price of petrol, aimed toward stabilising the market and easing the burden on customers. It has additionally eradicated the recurring gas shortage and lengthy queues at filling stations that Nigeria typically skilled, notably throughout festive intervals.
He famous that the typical value of Premium Motor Spirit (PMS) in September 2024 was about N1,030 per litre, in comparison with a median of N841–N851 per litre in September 2025, following the implementation of the Dangote Refinery’s Direct Supply Scheme.
Equally, as of September 2024, the pump value of Automotive Gasoline Oil (AGO) ranged between N1,400 and N1,700 per litre, relying on the state, with costs reaching as much as N1,700 in most northern states. By September 2025, nonetheless, the typical value had dropped considerably to round N1,020 per litre, reflecting the refinery’s affect on stabilising the market and decreasing logistics prices.
As compared, petrol costs in neighbouring West African international locations vary between $1.20 and $2.00 per litre, whereas the typical value in Nigeria stays round $0.60 per litre, a transparent indication of the refinery’s profound affect on affordability and provide stability.
