Dangote Refinery will begin distributing its refined petrol to retail outlets across Nigeria starting this Sunday, Apples Bite Magazine sources have revealed. The initial daily allocation is expected to be 25 million litres, delivered via NNPC Trading Limited at a cost of ₦765.99 per litre to marketers. Despite the new supply, the pump price for petrol will remain unchanged.
NNPC Trading Limited will continue to import an additional 15 million litres daily to meet the nation’s estimated demand of 40-50 million litres per day. “Each marketer will be allowed to lift a maximum of 50 trucks daily, purchasing the petrol at ₦765.99 and selling at the current pump price of ₦855 to ₦897 per litre, depending on the location,” a source explained.
To ensure a seamless supply process, marketers have been instructed to dispatch their trucks to the refinery immediately. The source added that from next month, Dangote Refinery will increase its daily allocation to 30 million litres, with marketers eventually picking up supplies by vessel.
The move is expected to significantly improve Nigeria’s fuel supply and reduce the challenges faced by consumers, including fuel scarcity and price instability. A joint statement from NNPC and Dangote Refinery is anticipated following their ongoing discussions in Abuja.
Located in the Lekki Free Trade Zone, Lagos, Dangote Refinery is a landmark in Nigeria’s industrial sector, designed to reduce the country’s dependence on imported petroleum products and stimulate economic growth.
In addition to local impacts, Dangote’s refining capacity is expected to disrupt fuel markets across the region and beyond. Nigeria remains a major player in global fuel demand, importing nearly 250,000 barrels of petrol daily last year, primarily from European refineries.
The refinery’s operations could challenge European refineries, with up to 400,000 barrels per day of European refining capacity at risk of closure due to increased global production. This shift may allow Nigeria to reduce its reliance on foreign imports, saving billions of dollars annually in fuel import costs.
