Nigerian National Petroleum Company Limited has deployed over 100 truck fleet to the Dangote Refinery on Saturday, September 14, ahead of petrol loading.
The development comes as the refinery prepares to start releasing petrol on Sunday, September 15, 2024.
Photos released at the refinery by NNPC showed rows of NNPC-branded tanker trucks positioned along the access roads leading to Africa’s largest oil refinery.
NNPC, in a message shared on social media, reads:
The appearance of the NNPCL trucks signifies a major step in efforts to stabilize Nigeria’s domestic fuel supply.
There have been high expectations surrounding the first petrol shipments from the Dangote Refinery, which are believed to help reduce Nigeria’s reliance on imported fuel—a practice that has long strained the country’s economy and foreign exchange reserves.
TimesNow.com.ng earlier reported that the Federal Government has confirmed Sunday, September 15, 2024, as the date the Dangote Refinery will begin the distribution of petrol.
Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS) who is a member of the Presidential Committee on the Sale of Crude Oil and Refined Products, revealed that NNPCL will start supplying 385,000 barrels of crude oil per day to the Dangote Refinery beginning October 1, 2024, in naira.
Adedeji elaborated on the terms of the deal, stating that while the refinery’s diesel will be available for purchase by any interested off-taker, petrol will be sold exclusively to NNPCL, which will then distribute the product to marketers.
His words
Earlier, TimesNow.com.ng reported that Dangote Refinery raised concerns over the lack of patronage from Nigerian oil marketers due to low pricing strategies on its product sales.
Devakumar Edwin, Vice President of Dangote Industries Limited, disclosed this during an X Spaces session organised by Nairametrics.
According to Edwin, the refinery struggles to sell diesel and aviation fuel daily, so it has decided to export its products instead.
Source: TimesNow.com.ng
