Dangote Refinery: Fuel to hit stations in 48hrs
*Why petrol from my refinery looks clearer — Dangote
The President of Dangote Group and owner of Lagos-based refinery Aliko Dangote, on Tuesday, spoke on the pricing of petrol produced at his 650,000 barrels per day facility.
He also explained why the first sample of Premium Motor Spirit (PMS), commonly known as petrol, from his refinery appears clearer than the petrol currently in circulation
The refinery owner said as soon as his company finalises modalities with the Nigerian National Petroleum Company Limited (NNPCL), the product will hit the market.
“Our PMS (Premium Motor Spirit) can be in filling stations within the next 48 hours depending on NNPCL,” he told the Channels Television..
Asked to speak on the pricing of petrol from his refinery, Dangote said, “It is an arrangement which is designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu.
“As soon as it is finalised, which he (Tinubu) is pushing, once we finish with NNPC, it can be today, it can be tomorrow, we are ready to roll into the market.”
He declared that “it’s a celebration day” for Nigerians and assured all citizens that they “are now going to have good petrol while the engines of your vehicles will last longer. You will not be having an engine issue, which a lot of us were having. It won’t happen at all”.
Dangote who spoke during a broadcast at his refinery in the Ibeju-Lekki area of Lagos State, highlighted that the clearer petrol is more environmentally friendly and could help reduce health issues associated with polluted petroleum products.
He noted that this new petrol would also protect engines from damage caused by the unclear petrol typically found in the market.
He said, “This is the sample of the petrol. You see it as a different colour, but that is the real deal. You are now going to have a good and genuine product.”
Regarding the colour of the diesel, he said, “I am sure Nigerians have not seen this colour of diesel before,” Dangote stated. “This is called Euro-5 diesel. It contains less than 10 parts per million (PPM) of sulphur. This will help vehicles, engines, and generators last longer.”
“The quality here will match that of anywhere in the world; US, America, we will make sure that nobody will beat us in terms of quality,” Dangote said.
He further emphasised, “The health of the people and the environment will not be compromised. This is the real deal.”
Prior to this presentation, the management of Dangote Group stated that international oil companies insisted on selling crude oil to their refinery through foreign agents.
They argued that local crude prices would continue to rise because trading firms were offering cargoes at $2 to $4 per barrel above the official price set by the Nigerian Upstream Petroleum Regulatory Commission.
The group also alleged that foreign oil producers appeared to prioritise selling the crude oil extracted in Nigeria to Asian countries.
Recall that sometime in August the Dangote refinery was in dispute with the Nigerian Upstream Petroleum Regulatory Commission over an alleged supply of 29 million barrels of crude oil to the refinery.
The Dangote Group accused the NUPRC of not effectively enforcing the Domestic Crude Supply Obligations regulations, claiming that the refinery had not received an adequate amount of locally sourced crude oil.
In response, the NUPRC denied these allegations, stating that it had facilitated the delivery of over 29 million barrels of crude oil to Dangote from January to June 2024.
The NUPRC maintained that it has ensured domestic crude oil supplies to the Dangote refinery and other refineries through its monthly production curtailment platform.
