Dangote Refinery to supply 65m litres of petrol daily
The Dangote Petroleum Refinery & Petrochemicals said yesterday it will supply between 60 and 65 million litres of Premium Motor Spirit (PMS) otherwise known as petroleum daily to meet national demand. This, it said, effectively positions the country for sustained fuel self-sufficiency while exporting up to 20 million litres in surplus. Daily Trust reports that […]
dangote refinery
The Dangote Petroleum Refinery & Petrochemicals said yesterday it will supply between 60 and 65 million litres of Premium Motor Spirit (PMS) otherwise known as petroleum daily to meet national demand.
This, it said, effectively positions the country for sustained fuel self-sufficiency while exporting up to 20 million litres in surplus.
Daily Trust reports that the figure would surpass the 63m litres which Nigerians consumed in December, according to the last data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
President of Dangote Group, Aliko Dangote, disclosed the development in Lagos, confirming that a structured offtake agreement has been concluded with selected marketers to ensure nationwide distribution and eliminate supply instability.
“We have agreed an offtake framework to supply up to 65 million litres daily for the domestic market,” Dangote said, adding, “Any surplus, estimated at between 15 and 20 million litres, will be exported.”
Under a revised distribution framework endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the refinery will channel nationwide supply through major marketing companies, including MRS Oil Nigeria Plc, Nigerian National Petroleum Company Limited Retail (NNPC), 11 plc (Mobil Producing Nigeria), TotalEnergies Marketing Nigeria Plc, Rainoil Limited, Northwest Petroleum & Gas Company Limited, Ardova Plc, Bovas & Company Limited, AA Rano Nigeria Limited, AYM Shafa Limited, Conoil and Masters Energy.
Dangote explained that the structured model is designed to eliminate supply bottlenecks and curb speculative practices that have historically triggered disruptions.
The development signals what industry analysts describe as a significant structural reform in Nigeria’s fuel supply chain. For decades, Africa’s largest crude oil producer relied heavily on imported refined products, exposing the economy to foreign exchange volatility, logistics disruptions and periodic shortages.
With local refining now exceeding national demand, the country stands to conserve billions of dollars annually in foreign exchange previously spent on petrol imports. Analysts say this would ease pressure on the naira, strengthen external reserves, and improve trade balance stability.
The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Bashir Ojulari, had during a recent visit to the facility described the refinery as a transformative national asset capable of redefining Nigeria’s energy security architecture and accelerating industrial growth.