Dangote Refinery Backs Market Stability, Maintains Nationwide Petrol Supply
Dangote Petroleum Refinery & Petrochemicals has once again stepped into the spotlight of Nigeria’s energy conversation, reassuring Nigerians that the refinery remains committed to keeping the fuel market stable and ensuring petrol is available across the country. In a statement released this week, the company said it is focused on providing uninterrupted supply of Premium Motor Spirit (PMS) the product we all simply call petrol and that its operations are running smoothly even as prices adjust to reflect current market realities.
The backdrop to this announcement is the end of the recent festive season, a period that often sees prices climb and queues form at filling stations. Dangote Refinery deliberately intervened with temporary price support during the holidays to ease the burden on households when spending typically rises a move it has now carried out in two consecutive festive seasons and that followed previous cost-absorbing logistics support and price adjustments for consumer benefit.
Now that the festive period has passed, the refinery has realigned its petrol prices to levels it describes as sustainable for long-term stability.
The ex-depot (gantry) price for PMS is now set at ₦799 per litre, with retail stations under its partner network including MRS Oil Nigeria selling at about ₦839 per litre. Dangote’s position is that this pricing framework reflects the refinery’s cost dynamics while helping anchor the broader market against abrupt spikes that could harm consumers and businesses alike.
Chief Executive Officer David Bird made it clear that operations at the Lekki facility remain robust: the refinery continues to supply roughly 50 million litres of petrol daily to the domestic market, and its distribution systems are functioning normally across the nation.
Bird pointed out that the refinery’s technologically advanced design allows it to process a wide range of feedstocks even during planned maintenance ensuring fuel production and supply are uninterrupted.
Dangote Refinery’s repeated affirmations come at a time when narratives about shutdowns or supply disruptions have surfaced. Company spokespeople and detailed production records have countered such claims, underscoring that routine maintenance activities have not disrupted overall output or delivery schedules.
Beyond just pricing and production volumes, the refinery’s broader message is about energy security and market confidence.
By producing fuel locally on a large scale, Dangote aims to shield Nigeria’s petrol market from the sort of volatility seen in periods when the country relied heavily on imported products. This, the company suggests, can help protect consumers from foreign exchange pressures and logistics challenges that have historically driven up costs and fuel scarcity.
For ordinary Nigerians, the refinery’s recent statement offers both reassurance and a reminder of the complexities of fuel economics in a deregulated environment: prices will adjust, but the refinery stands ready to support stability and availability nationwide.
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