The Dangote Refinery has said that it has the required capacity to meet Nigeria’s petrol demand. The company recently revealed that it has sufficient stock to load any volume required by marketers as pump prices continue to climb nationwide.
Speaking during an inspection tour of the facility, Devakumar Edwin, Vice President of Dangote Group, shared that Dangote Refinery currently has over 310 million litres of Premium Motor Spirit (PMS), also called petrol, in its storage tanks.
According to him, the volume is more than enough to serve both domestic and export markets, and the refinery’s operations remain stable at this point in time.
Confirming that distribution to marketers remains ongoing, he urged fuel marketers to send their trucks for loading instead of speculating about possible supply disruptions.
“Refineries manage inflows based on price movements and storage levels,” he said, stating that decreasing inflow at certain periods prevents tying up too much working capital in crude oil.
He further noted that regular maintenance schedules are part of refinery operations worldwide, stressing that Dangote Refinery continues to produce and load daily without interruptions.
Edwin concluded by saying that the refinery’s output capacity is more than sufficient to meet Nigeria’s full demand for petrol, diesel and aviation fuel.
Industry analysts have said that the refinery’s statement comes at a crucial time for the downstream sector, where price uncertainty has created renewed tension among consumers and marketers.
The latest price increases have been attributed to rising depot charges, with some marketers adjusting pump prices in response.
Dangote Refinery’s increasing output remains a key factor in Nigeria’s energy transition as the country aims to curb imported fuel dependency.
Folami David is a dynamic journalist who views the world through an analytical lens, translating complex narratives across multiple industries into compelling stories. With an insatiable appetite for information and a keen eye for emerging trends, Folami specializes in uncovering the interconnections between technology, business, culture, and society.
