See when Aliko Dangote plans to begin sale of petrol to Nigerians

• The President of Dangote Industries, Aliko Dangote, has announced the date for petrol production from the refinery
• Dangote said petrol production has already begun, and very soon, Nigerians will begin to enjoy the product
• Nigerians are hopeful that when the refinery kicks off sale to marketers, it will help reduce the price of petrol at filling stations

Dangote Industries Limited said Premium Motor Spirit (PMS), commonly known as petrol, will be ready at the Dangote refinery between 10th and 12th August 2024.

He stated this when he spoke to journalists while reacting to various allegations from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and also reports of monopoly.

Dangote refinery set to release petrol products Photo credit: Pius Utomi Ekpei
Source: Getty Images

Earlier, Legit.ng reported that the Dangote Refinery set July 10–15, 2024, as the dates for supplying petrol products to the Nigerian market.

Dangote explained that the July schedule was missed due to a fire incident at the refinery, which delayed production.

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Dangote said:

By the grace of God, Premium Motor Spirit was supposed to be available this July, but the fire incidents disrupted us for a few days. However, by the latest, the 10th or 12th of August, PMS will be ready."

Dangote has consistently said that the refinery has everything to stop the importation of petrol in August and end fuel scarcity.

Dangote speaks on monopoly allegations

Responding to journalists, Africa's richest man also addressed the allegation of monopoly.

His words:

“If you are saying how can Dangote alone supply the market, are you saying the N4bn that the NNPC spent now on the activation of their refineries in Kaduna, Warri and Port Harcourt is down the drain? Are the refineries not going to work? They have announced a date. If they are there, we cannot be a monopoly because we are not the only one; actually, they are more powerful than us. So, there is no way we can be a monopoly, it is not done.”

Another refinery ready to begin fuel production

Legit.ng reported that the Port Harcourt Refining Company is getting closer to beginning operations and starting production like the Dangote Refinery.

Senior officials from the Federal Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited disclosed that the refinery is undergoing crucial licensing procedures.

Punch Newspaper quoted a senior ministry official who confirmed the supply of crude oil to the plant.

Source: Legit.ng