The Dangote Refinery has seen a significant surge in fuel truck traffic, with over 1,000 vehicles visiting the facility daily to load petrol. This development follows the refinery’s strategic adjustments aimed at increasing fuel affordability and accessibility in Nigeria. The refinery recently reduced the pump price of Premium Motor Spirit to N699 per litre and lowered the minimum purchase requirement from two million litres to 250,000 litres.
These measures have positioned the Dangote Refinery as a key hub for fuel distribution in Nigeria, fostering a more inclusive market and supporting national economic growth. To further enhance supply stability and confidence among marketers, the refinery has introduced a 10-day bank guarantee system. The response from fuel marketers has been overwhelming, with the refinery now recording over 1,000 trucks loading PMS daily from its gantry.
Aliko Dangote, President of the Dangote Group, emphasized the company’s commitment to making energy affordable and accessible for all Nigerians. By reducing prices and minimum purchase volumes, the refinery aims to empower both large and small marketers, ensuring fuel reaches every part of the country. This approach is expected to drive competition, improve fuel availability, and benefit Nigerians through a more stable and affordable fuel supply chain.
The Dangote Refinery’s efforts to increase domestic refining capacity and reduce reliance on imported fuel are crucial for Nigeria’s energy security. The company’s commitment to legacy over profit is evident in its investments, with Dangote noting that he could have invested $20bn elsewhere if financial gain were his sole objective. The recent reductions in prices at the gantry are expected to be reflected at retail outlets, with the company working tirelessly to ensure Nigerians enjoy the benefits of domestic refining.
The Independent Petroleum Marketers Association of Nigeria has urged its members to patronize the Dangote Refinery, citing the competitive prices and upcoming free delivery services set to commence in January 2026. As the refinery continues to play a vital role in Nigeria’s fuel supply chain, its efforts to increase accessibility and affordability are likely to have a positive impact on the country’s economy and energy landscape.
