Dangote Refinery starts petrol production, with the first batch ready for distribution across Nigeria.
The Lagos-based refinery of Dangote has begun producing its first Premium Motor Spirit (Petrol), with a capacity of 650,000 barrels per day.
During a press conference held with journalists on Tuesday, Aliko Dangote – the President of Dangote Group – revealed this information.
According to him, the use of the company’s petrol will reduce import reliance, lower inflation and stabilize exchange rates between the Naira and dollar.
He stated that the petrol would be introduced to the Nigerian market once discussions with the Nigerian National Petroleum Company Limited were concluded.
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Anywhere in the world, the quality will be matched.
Today is a day of rejoicing and gratitude towards God, President as well as supporting friends who have played an integral role in ensuring the production of gasoline at this refinery. Finally, we stand here today to witness its accomplishment.
Once our dealings are concluded with the Nigerian National Petroleum Company, we will commence distribution of our product in the market.
The $20 billion refinery began producing Naphtha and Aviation Fuel several months ago after being commissioned in January 2024.
Nigerians are enduring extended fuel queues across the country, while there is a significant development.
This arises as certain regions of the country record petrol prices exceeding N1,000 per liter.
