Dangote Petroleum Refinery has reaffirmed its commitment to ensuring a steady and uninterrupted supply of Premium Motor Spirit (PMS) and Automotive Gas Oil (diesel) nationwide. With a daily production capacity exceeding domestic demand, the refinery has played a pivotal role in stabilizing the market and reducing the cost of petrol since commencing production in September 2024.
The refinery’s operations are driven by a dedication to supporting national energy stability and consumer confidence. According to Group Chief Branding and Communications Officer, Anthony Chiejina, the refinery is currently loading over 45 million liters of PMS and 25 million liters of diesel daily, surpassing Nigeria’s demand. This significant production capacity guarantees local supply, enhances energy security, and reduces dependence on imports.
The improved local production of petroleum products has helped stabilize the exchange rate and strengthen the naira. Chiejina noted that the refinery’s operations have reduced foreign exchange outflows and increased inflows, supporting the naira and strengthening the economy. He emphasized that the recently announced tariff policy is a good start, designed to protect domestic industries from unfair competition and safeguard local production.
Chiejina commended President Bola Tinubu for approving the tariff policy, which aims to strengthen and transform Nigeria’s downstream oil and gas sector. The decision reflects the administration’s commitment to creating a stable, business-friendly environment that supports local investment and enhances energy security. The refinery, equipped with advanced technology and extensive infrastructure, is expected to significantly eliminate reliance on fuel imports, enhance supply chain stability, and alleviate pressure on foreign exchange reserves.
President of Dangote Industries Limited, Aliko Dangote, assured Nigerians that the prices of petrol will not be hiked during the festive period, despite recent global price increases. The Dangote Refinery has maintained an uninterrupted supply of petrol, with prices dropping significantly since its implementation of the Direct Delivery Scheme. The average price of PMS has decreased from around 1,030 per liter in September 2024 to around 841-851 per liter in September 2025.
The refinery’s impact on the market is evident, with petrol prices in Nigeria remaining around $0.60 per liter, compared to $1.20 to $2.00 per liter in neighboring West African countries. As the refinery continues to operate at full capacity, Nigerians can expect a stable and affordable supply of petroleum products, contributing to the country’s economic growth and development.