Dangote Petroleum Refinery has reaffirmed its commitment to ensuring a steady and uninterrupted supply of petrol and diesel across the country, with production now surpassing the nation\u2019s daily consumption.\n<\/p>\n
Group Chief Branding and Communications Officer of Dangote Industries Limited, Anthony Chiejina, in a statement on Saturday, said the refinery was currently loading over 45 million litres of Premium Motor Spirit and 25 million litres of diesel daily\u2014volumes that exceed the country\u2019s demand.\n<\/p>\n
He said the company\u2019s goal was to support national energy stability, consumer confidence, and economic recovery.\n<\/p>\n
\u201cOur refinery is loading more than what the country consumes daily. We are working closely with regulatory agencies and distribution partners to ensure smooth nationwide delivery. This capacity guarantees local supply, strengthens energy security, and reduces dependence on imports,\u201d he said.<\/p>\n
According to him, improved local production has helped stabilise the naira by reducing foreign exchange outflows.\n<\/p>\n
Chiejina also commended the recently introduced tariff on imported petroleum products, describing it as a necessary step to protect domestic industries from dumping.\n<\/p>\n
\u201cWe have cut forex spending on fuel imports and increased inflows, which supports the naira and strengthens the economy.<\/p>\n
\u201cDumping destroys industries, causes unemployment, and leads to revenue loss. It wiped out our textile sector, which once employed thousands,\u201d he added.\n<\/p>\n
He urged government agencies to tighten monitoring and enforcement against the importation of substandard and toxic petroleum products, warning that unchecked dumping could cripple local refineries and undermine ongoing reforms. <\/p>\n
Chiejina commended President Bola Tinubu for approving the tariff policy, describing it as a bold and visionary move to strengthen Nigeria\u2019s downstream oil and gas sector.\n<\/p>\n
\u201cPresident Tinubu\u2019s leadership is restoring investor confidence and reshaping the oil sector. This policy marks one of the most transformative steps toward securing Nigeria\u2019s energy future,\u201d he added.\n<\/p>\n
Chiejina warned that failure to protect local industries could lead to large-scale dumping from Asia and Europe, threatening the survival of domestic refiners.\n<\/p>\n
According to him, the President of Dangote Industries Limited, Aliko Dangote, has assured Nigerians that fuel prices would remain stable through the festive season despite rising global prices.\n<\/p>\n
\u201cI want to assure Nigerians that the Dangote Refinery will maintain uninterrupted petrol supply throughout Christmas and New Year. There will be no fuel queues this season,\u201d Dangote said.<\/p>\n
Since beginning petrol production in September 2024, the refinery has helped stabilise prices and eliminate recurring fuel shortages, the statement said.\n<\/p>\n
Available data show that the average petrol price dropped from N1,030 per litre in 2024 to about N841\u2013N851 per litre in 2025, while diesel prices fell from as high as N1,700 to around N1,020 per litre nationwide.\n<\/p>\n
Across West Africa, petrol sells between $1.20 and $2.00 per litre, compared to Nigeria\u2019s average of $0.60, highlighting the refinery\u2019s impact on affordability and supply stability.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Dangote Petroleum Refinery has reaffirmed its commitment to ensuring a steady and uninterrupted supply of petrol and diesel…\n","protected":false},"author":2,"featured_media":110938,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-110937","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/110937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=110937"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/110937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/110938"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=110937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=110937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=110937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}