Dangote Group has announced that its refinery is now producing 57 million litres of Premium Motor Spirit (PMS), commonly known as petrol, daily.
This was disclosed during a recent tour of the refinery complex by a delegation from Zambia, led by the countryâs Minister of Energy, Makozo Chikote, and also Aliko Dangote President of Dangote Industries Limited (DIL) to explore a partnership.
After the tour, Dangote stated that the Dangote Petroleum Refinery has enough petrol in storage to meet Nigeria’s domestic demand.
He disclosed that the refinery currently holds over half a billion litres of petroleum products, valued at more than N600 billion.
He added that the refinery is on track to supply 100% of Nigeria’s refined petroleum needs, according to BusinessDay.
Dangote said:
Also, speaking after the tour Zambian minister of Energy expressed admiration for the refineryâs capabilities, particularly its potential to enhance energy security across Africa.
He added that his takeaway from the Dangote Refinery working visit was that the President, Aliko Dangote, is truly focused on the bigger picture for Africa. Punch reports.
Chikote remarked:
Expanding on this, Edwin Devakumar, Vice President of Dangote Industries Limited, stated that the refinery is equipped to meet domestic demand while also exporting significant volumes of refined products.
He said:
TimesNow.com.ng earlier reported that Dangote Petroleum Refinery slashed the ex-depot price of PMS, commonly known as petrol, from N950 to N890, effective from Saturday, February 1, 2025.
According to Anthony Chiejina, the group’s chief branding and communications officer, the refinery’s decision followed a previous adjustment on January 19 in response to increasing crude oil costs.
The refinery urged fuel marketers nationwide to ensure that these savings reach the Nigerian public directly.
Source: TimesNow.com.ng
