Dangote guarantees Nigeria’s daily PMS supply
Dangote Petroleum Refinery yesterday disclosed that the facility now delivers 45m litres of premium motor spirit (PMS) otherwise known as petroleum. Similarly it said the facility also delivers 25 million litres of diesel on a daily basis while reaffirming its commitment to ensuring a steady and uninterrupted supply of the products nationwide. In a statement […]
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Dangote Petroleum Refinery yesterday disclosed that the facility now delivers 45m litres of premium motor spirit (PMS) otherwise known as petroleum.
Similarly it said the facility also delivers 25 million litres of diesel on a daily basis while reaffirming its commitment to ensuring a steady and uninterrupted supply of the products nationwide.
In a statement yesterday, the Group Chief Branding and Communications Officer, Dangote Industries Limited, Anthony Chiejina insisted that its daily production capacity now exceeds the domestic demand.
Weekend Trust reports that the statement from Dangote is coming a day after the approval of 15 per cent duty on importation of PMS, Diesel and Jet fuel became public amidst divergent reactions from stakeholders in the downstream sector.
While the decision was applauded by some stakeholders and economists as a measure to protect the local refineries, some major marketers are kicking against it warning that it might trigger fuel price hike.
Our correspondent reports that despite the existence of Dangote Refinery which commenced operation over a year ago, importation of petroleum product has continued unabated with about 67 per cent of the daily consumption still imported.
However, Dangote is insisting that its 650,000 barrel per day refinery can meet the national demand.
It also stated that it would be unpatriotic for anyone to criticise the recently announced tariff, which, according to him, is a good start.
The Dangote spokesman emphasised that the tariff is designed to protect domestic industries from unfair competition and safeguard local production.
According to him, the refinery’s operations are driven by the company’s dedication to supporting national energy stability and consumer confidence.
He said, “Our refinery is currently loading over 45 million litres of PMS and 25 million litres of diesel daily, which exceeds Nigeria’s demand.
“We are working collaboratively with regulatory agencies and distribution partners to guarantee efficient nationwide delivery. Dangote remains steadfast in its commitment to meeting the energy needs of Nigerians. This significant production capacity not only guarantees local supply but also enhances energy security and reduces dependence on imports.”
He stated that improved local production of petroleum products has helped stabilise the exchange rate and strengthen the naira.
“We have reduced foreign exchange outflows and increased inflows, which in turn supports the naira and strengthens the economy,” he added.
Chiejina stated that continued importation of products produced locally in sufficient quantity undermines the industrialisation drive of the federal government.
“Dumping engenders poverty, discourages industrialisation, creates unemployment and leads to revenue loss for the government. Across the world, nations protect their local manufacturers and industries from the threat of dumping. Dumping destroyed our textile industry, which was once a major employer of labour and creator of wealth,” he said.
He advised that the government must go beyond the tariff by strengthening its monitoring and enforcement mechanisms to prevent the dumping of substandard and toxic petroleum products by unscrupulous and rent-seeking individuals who prioritise profiteering at the expense of Nigerians, often undermining well-intentioned government policies for their selfish interests.
He added that the prevalence of dumping in past years discouraged investors from establishing industries in Nigeria, as imported products flooded the market at unsustainable prices, undermining local production. The new tariff policy, he noted, would benefit local refiners and encourage fresh investments in the downstream oil sector, thereby strengthening Nigeria’s industrial base and creating more jobs.
He commended the foresight of President Bola Ahmed Tinubu for approving the tariff policy aimed at strengthening and transforming Nigeria’s downstream oil and gas sector. He noted that the decision reflects the administration’s commitment to creating a stable, business-friendly environment that supports local investment and enhances energy security.
“President Bola Ahmed Tinubu continues to embody courageous and visionary leadership, renewing the hope of Nigerians and restoring investor confidence in the nation’s economy. His administration’s bold and business-friendly reforms are reshaping the downstream oil and gas sector, unlocking new opportunities for industrial growth and national prosperity. The latest policy initiative stands as a testament to his foresight — one of the most transformative steps yet toward securing Nigeria’s energy future and empowering local industries to thrive,” he said
He warned that failure to protect local industries could lead to large-scale dumping from countries in Asia and Europe with excess production capacity. Such practices, he said, would strangulate domestic refineries, cripple allied industries, and undermine the laudable policies of President Bola Tinubu’s administration aimed at promoting industrial growth and economic stability.
Chiejina further disclosed that the average price of Premium Motor Spirit (PMS) in September 2024 was about N1,030 per litre, compared to an average of N841–N851 per litre in September 2025, following the implementation of the Dangote Refinery’s Direct Delivery Scheme.
Similarly, as of September 2024, the pump price of Automotive Gas Oil (AGO) ranged between N1,400 and N1,700 per litre, depending on the state, with prices reaching up to N1,700 in most northern states. By September 2025, however, the average price had dropped significantly to around N1,020 per litre, reflecting the refinery’s impact on stabilising the market and reducing logistics costs.
In comparison, petrol prices in neighbouring West African countries range between $1.20 and $2.00 per litre, while the average price in Nigeria remains around $0.60 per litre, a clear indication of the refinery’s profound impact on affordability and supply stability.