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Tag: Dangote refinery

  • Dangote Refinery denies fuel importation

    Dangote Refinery denies fuel importation

    Dangote Petroleum Refinery & Petrochemicals (DPRP) yesterday denied reports suggesting that it imports finished petroleum products. The firm described the claims as incorrect and based on a misunderstanding of global refinery operations.

    It said DPRP refines crude oil and processes intermediate feedstocks into premium petroleum products and petrochemicals that meet the highest international standards.

    Speaking at a media briefing, the Chief Executive Officer and Managing Director, DPRP, David Bird, explained that processing intermediate or semi processed materials is a standard practice within the global refining industry.

    He clarified that this practice does not amount to importing finished petroleum products.

    Bird highlighted that the Dangote Petroleum Refinery operates using a European and Asian merchant refinery model, which integrates advanced refining, blending and trading systems designed to meet modern quality and environmental benchmarks.

    “DPRP produces high quality fuels aligned with international environmental and health standards. Our gasoline is lead free and MMT free with 50 parts per million sulphur, while our diesel meets ultra low sulphur specifications.  These standards help reduce emissions, protect engines and safeguard public health,” Bird stated.

    Read Also: Temitope Adeoye calls for carbon credit awareness across Nigeria

    Displaying samples of both intermediate feedstocks and fully refined products, Bird reaffirmed that the Dangote Refinery supplies only fully refined, market ready products, adding that semi finished fuels are unsuitable for vehicles and are therefore not released into the Nigerian market.

    Bird further noted that the refinery was established to end years of exposure to substandard fuel in Nigeria by providing products that meet stringent global standards. He added that DPRP’s products are now exported to international markets, highlighting their quality and competitiveness.

    Intermediate materials—such as naphtha, straight run gas oil, vacuum gas oil (VGO), reformate, alkylate and isomerate—serve as feedstock for additional refining into finished fuels like petrol and diesel, as well as petrochemicals.

    Bird stressed the refinery’s commitment to transparency in its operations and engagements with regulators. He urged the media to help properly educate the public on the clear distinction between intermediate products and finished fuel.

    “It is unfortunate that some individuals are deliberately spreading misleading narratives about a refinery that has transformed Nigeria and the West African region from a dumping ground for substandard fuels into a hub for high quality products,” he said, adding that the refinery’s flexible design allows it to process a diverse mix of crude oils and intermediate feedstocks into premium finished fuels.

    Bird assured Nigerians of sustained product availability, noting that the refinery has contributed significantly to easing fuel scarcity, stabilising the naira, and reducing pressure on foreign exchange.

    Group Chief Brand and Communications Officer of Dangote Industries Limited, Anthony Chiejina, urged journalists to be precise in their choice of terminology, warning that inaccurate reporting could misinform the public and create unnecessary panic.

  • We don’t import refined petroleum products – Dangote

    We don’t import refined petroleum products – Dangote

    Dangote Refinery says it does not import refined petroleum products into Nigeria, insisting that all petrol and other fuels sold from its operations are fully refined locally.

    The clarification was made by the Chief Executive Officer of Dangote Refinery, Mr David Bird, during a news conference on Wednesday in Lagos, amid allegations over fuel importation and local refining capacity.

    Bird explained that materials often mistaken for imported fuel were, in fact, intermediate feedstocks used to optimise refinery operations.

    He said these include high catalytic sulphur gasoline and straight-run naphtha, unfinished components that undergo extensive processing at the Lekki-based facility before becoming market-ready products.

    “We do not import refined fuel. Everything sold as petrol, diesel or aviation fuel is refined here in Lekki to Nigerian and international Euro-V standards,” Bird said.

    According to him, the use of intermediate feedstocks is standard practice in complex and merchant refineries across major refining hubs such as the United States, the United Kingdom, Singapore and India.

    Bird noted that the Dangote Refinery, unlike refineries located directly at the end of crude oil pipelines, operates as a merchant refinery, sourcing diverse crude and feedstock grades largely by sea.

    He said this flexibility allows the refinery to maximise utilisation of its advanced conversion units and upgrade every molecule into high-value, clean fuels and petrochemicals.

    Bird accused some oil marketers and regulatory actors of undermining the nation’s local refining drive by importing cheaper, sub-standard fuels while declining to patronise domestically refined products.

    Read Also: Dangote, NNPCL seal gas supply deal

    Such actions, he warned, threaten the country’s energy security and foreign-exchange stability.

    Bird disclosed that the refinery currently supplies about 45 million litres of petrol daily to the domestic market and did not export petrol during the peak Christmas and New Year period.

    He said exports only occur when there is excess supply or limited domestic uptake, particularly during the early operational phase.

    Highlighting public health benefits, Bird said local refining had significantly reduced sulphur and metal content in fuels now consumed in Nigeria, making them comparable to products used in Europe and North America.

    Bird described the Dangote Refinery as one of the most modern and automated facilities globally, producing high-value “white products” such as petrol, diesel, aviation fuel and polypropylene.

    Reaffirming the company’s long-term vision, Bird said the refinery remained committed to meeting domestic demand first while positioning Nigeria as a hub for clean, world-class fuels in Africa.

    “West Africa should no longer be a dumping ground for inferior products.

    “Nigeria deserves and now produces the best,” he said.

    (NAN)

  • Petrol price rises as Dangote Refinery raises ex-depot cost

    Petrol price rises as Dangote Refinery raises ex-depot cost

    The retail prices of Premium Motor Spirit (PMS), otherwise known as petrol, rose by 100 basis points across most stations in Lagos and Edo States after Dangote Petroleum Refinery and Petrochemicals announced an increase in its ex gantry price.

    The refinery raised petrol ex gantry price from N699 per litre to N799 per litre. Retail outlets subsequently increased their prices by same margin, with retail prices ranging between N839 per litre and N900.

    Fuel marketers in Edo State increased pump price of fuel to N900 per litre. Before the Dangote Refinery’s increment, fuel stations in Edo sold fuel at between N739 per litre to N795 per litre.

    A visit to some fuel stations in Benin City and environs showed price adjustment to between N850 per litre to N900 per litre.

    Dangote Refinery explained that the facility implemented a deliberate and temporary price support intervention during the festive period  to cushion the effect of heightened household spending during the yuletide on Nigerians..

    Read Also: Experts say Dangote Refinery can unlock thousands of maritime jobs

    “This marked the second consecutive festive season in which the Refinery absorbed significant costs in the national interest, including logistics support in 2024 and a price reduction in 2025 to promote affordability and market calm.

    “Despite the price reduction, many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits of the reduction,” Dangote stated.

    It added that with the festive period over, PMS prices, it said, have been modestly realigned to sustainable levels to support long term market stability and affordability.

    Dangote also reaffirmed its commitment to market stability and uninterrupted nationwide supply of petrol.

    Chief Executive Officer, Dangote Petroleum Refinery, David Bird, stated that the refinery continues to supply the domestic market with approximately 50 million litres of PMS daily, with nationwide evacuation and distribution operating normally.

    He noted that the Refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, enabling continued PMS supply during planned maintenance activities. According to him, this capability ensures that domestic supply remains stable and uninterrupted.

    He noted that the Refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, enabling continued PMS supply during planned maintenance activities. He added that this capability ensures that domestic supply remains stable and uninterrupted.

     “As a domestic producer, Dangote Petroleum Refinery continues to shield the Nigerian market from import related volatility and external supply disruptions, while remaining a stabilising force in the downstream petroleum sector. Dangote Petroleum Refinery remains focused on delivering energy security, price stability, and long-term value for Nigerians,” the statement said.

  • Dangote Refinery increases ex gantry petrol price to N799/ litre

    Dangote Refinery increases ex gantry petrol price to N799/ litre

    Dangote Petroleum Refinery and Petrochemicals has announced an increase in the ex gantry price of Premium Motor Spirit (PMS) or petrol. 

    The Refinery raised the product price from N699 per litre to N799 per litre. Its partner retail outlet- MRS, will sell at N839 per litre. 

    The firm also reaffirmed its commitment to market stability and uninterrupted nationwide supply of petrol.

    Dangote Refinery, in a statement, explained that  the facility implemented a deliberate and temporary price support intervention during the festive period  to cushion the effect of heightened household spending during the yuletide on Nigerians..

     “This marked the second consecutive festive season in which the Refinery absorbed significant costs in the national interest, including logistics support in 2024 and a price reduction in 2025 to promote affordability and market calm.

     “Despite the price reduction, many filling stations failed to reflect the new price at the pump, thereby denying Nigerians the benefits of the reduction,” it added.

    Read Also: Dangote Refinery expansion begins

    It added that with the festive period over, PMS prices, it said, have been modestly realigned to sustainable levels to support long term market stability and affordability.

    The Chief Executive Officer, Dangote Petroleum Refinery, David Bird, stated that the Refinery continues to supply the domestic market with approximately 50 million litres of PMS daily, with nationwide evacuation and distribution operating normally.

    He noted that the Refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, enabling continued PMS supply during planned maintenance activities. According to him, this capability ensures that domestic supply remains stable and uninterrupted.

    He noted that the Refinery’s design flexibility allows it to process a wide range of crude and intermediate feedstocks, enabling continued PMS supply during planned maintenance activities. He added that this capability ensures that domestic supply remains stable and uninterrupted.

    “As a domestic producer, Dangote Petroleum Refinery continues to shield the Nigerian market from import related volatility and external supply disruptions, while remaining a stabilising force in the downstream petroleum sector. Dangote Petroleum Refinery remains focused on delivering energy security, price stability, and long-term value for Nigerians,” the statement said.

  • On course

    On course

    •That we now import less fuel is something to celebrate; but govt must maintain delicate balance between local refiners and importers

    The report that importation of refined petroleum products has fallen, sharply by 54 per cent in two years, should not come as a surprise going by the milestone achievements in the sector in the last two years. Aside the most notable one which is the grand entry of Dangote Refinery into the sector in early 2024, other smaller modular units like OPAC, Walter Smith, Aradel and Duport have also reportedly joined in producing refined fuel for the local market.

    ‘The Punch’, quoting the Central Bank of Nigeria’s Balance of Payments report, succinctly captured the systematic decline in fuel imports, first from $14.58bn in the first nine months of 2023, to $11.38bn (21.9 per cent) in the corresponding period in 2024, and subsequently to $6.71bn for the corresponding period of 2025.

    The paper would surmise that, ‘‘overall, the figures show that Nigeria spent $7.87bn less on refined fuel imports in the first nine months of 2025 than it did in the corresponding period of 2023, underscoring a significant easing of foreign exchange outflows linked to petroleum product imports’’.

    At this point, it is perhaps safe to say that the transition from being a country wholly import-dependent on fuel imports to one with increasingly progressive local capacity is not only on course but has become unstoppable.

    Surely, the trend is as much a measure of the stride that has been recorded in the last two years as it is the promise of the boundless potentials still waiting to be unlocked with time.  

    Yet, much as this progress has been somewhat steady, so has the resistance been no less fierce from the traditional quarters – the cartel of fuel importers whose massive investments in tank farms and allied infrastructures for fuel imports are increasingly being laid to waste as a direct consequence; and the powerful industry unions, whose old ways of doing business potentially threatens the progress being made.

    Read Also: ADC seeks clarification on U.S–Nigeria health MoU

    In all of these, our position is that the country has long gone past the debate on whether the cartel and the powerful industry unions should embrace this inevitable reality of change, or be left behind. Now, the main issue is whether a leading oil-producing country, particularly one whose natural harbours place her in vantage position as global refining hub, should continue to be stuck with the old paradigm of fuel importation, with its corrupt and inefficient playbook, for any reason. We consider the current $6.71bn import bill part of that old playbook that must be jettisoned.

    After all, Nigerians have already made clear that what they want to see happen, and this in the shortest time: more players coming on board in the refining sector to usher in the country’s emergence as a major player in a sector that she once played the laggard.

    More than that, they want to see investments cascade down to the petro-chemical sector to catalyse industrialisation, to reduce the current dependency on industrial raw materials imports.

    And, while the pioneering efforts of the likes of Dangote Refinery show how much the climate of investment has improved in the country for those willing to take the bet, the government must consider further steps to guarantee their survival through fiscal regimes that might be deemed appropriate and necessary.

    Part of that duty must include the maintenance of that delicate balance between local refiners and importers where perceived supply gaps exist, while ensuring that predatory and anti-competitive activities are kept at bay at all times.

  • Experts say Dangote Refinery can unlock thousands of maritime jobs

    Experts say Dangote Refinery can unlock thousands of maritime jobs

    Maritime experts have said the Dangote Petroleum Refinery has the potential to generate thousands of sea-based jobs across Nigeria’s shipping, port operations, and marine services sectors if the country prioritises marine transportation of refined petroleum products and expands indigenous vessel participation.

    With more than 600 vessel calls recorded in its first year of operations, the experts noted that the refinery has already become a central driver of maritime activity, creating opportunities in coastal shipping, crewing, vessel ownership, inspections, port services, and marine logistics.

    National President of the Nigerian Association of Master Mariners (NAMM), Captain Tajudeen Alao, described the refinery as a strategic national asset capable of transforming Nigeria’s maritime economy.

    “The Dangote Refinery is a major driver of wealth creation. Its location on the open sea gives Nigeria a strategic advantage for exports and maritime trade,” Alao said.

    He explained that the refinery’s deep-water access allows vessels to berth easily and lift products for international markets, while also enabling coastal shuttle services to ports such as Lagos, Port Harcourt, Warri, and Calabar.

    Alao said prioritising marine evacuation of refined products would significantly expand employment across the maritime value chain.

    “If we focus on marine transportation, it will create jobs in vessel ownership, crewing, port operations, and support services,” he noted.

    He urged policymakers to reduce reliance on road haulage, stressing that Nigeria’s tank farm network makes sea transport a safer and more efficient alternative.

    Alao added that the scale of operations at the refinery presents a substantial opportunity for increased indigenous participation in the maritime sector.

    He said, “Products can be shipped to coastal depots, discharged into tank farms, and then distributed inland by trucks. This approach is more cost-effective and safer.

    “The over 600 vessel calls recorded within the first year are a big opportunity for Nigerians to participate actively in maritime business,” he said, calling on banks and financial institutions to provide job-focused funding to maritime operators.

    He explained that a 5,000-tonne tanker can move the equivalent of about 150 trucks, each carrying roughly 30 tonnes, and can be loaded within 12 to 18 hours, compared to the extended time and congestion associated with truck movements.

    Beyond cargo movement, Alao said the refinery’s operations would sustain professional maritime services.

    “Mandatory requirements such as tanker vetting, ship inspection reports, and compliance checks create jobs for Nigerian mariners, surveyors, and inspectors, while supporting certification and professional development,” he said.

    On local content, Alao said Nigeria already has legal frameworks that support indigenous participation. He added that stronger enforcement of maritime laws would ensure the country retains more revenue from its maritime trade.

    “Existing regulations require full Nigerian crewing and the majority of Nigerian officers on locally owned vessels, and cabotage rules reinforce Nigerian involvement in domestic cargo transport.

    Read Also: Dangote Refinery expansion begins

    “Nigerian-owned and operated vessels will keep taxable income within the country and prevent revenue losses associated with foreign vessels carrying Nigerian cargo,” Alao said.

    Similarly, master mariner and maritime expert, Capt. (Dr) Michael Ifesemen, said the refinery has significantly increased marine activity, translating directly into job creation. He explained that increased ship traffic naturally drives demand for skilled manpower.

    “The influx of vessels has expanded demand for marine services and manpower, creating jobs for Nigerians in port operations and other maritime-related activities.

    “The more ships that call at the refinery, the greater the requirement for skilled personnel across the sector,” he said.

    Ifesemen acknowledged that the dominance of foreign vessels poses challenges for some indigenous operators, but said it also presents an opportunity.

    “This creates room for Nigerian ship owners to upgrade their fleets and align with international standards,” he said.

    He added that beyond international trade, the refinery would strengthen West African coastal shipping, deepen Nigeria’s participation in regional maritime commerce, and enhance the Cabotage regime.

    According to him, evacuating products by sea would also reduce pressure on the country’s road infrastructure and cut government spending on repairs caused by heavy-duty trucks.

    “Coastal transshipment along the West African corridor will require barges, many of which are built locally in Nigeria. This will create additional jobs for barge builders and operators,” Ifesemen said.

    On the refinery’s long-term impact, he said its operations would attract additional cargo flows, revive activity at underutilised ports, and support sustained employment growth across the maritime sector.

    “While international vessels currently dominate operations, Nigerian participation is expected to increase in the medium term as regional distribution expands,” he said.

    Ifesemen added that exporting refined petroleum products offers higher revenue than exporting crude oil, stressing the need for Nigeria to maximise the refinery’s maritime and economic potential.

  • Dangote Refinery’s production lines up, running, says company

    Dangote Refinery’s production lines up, running, says company

    • Firm dismisses shutdown claims, maintains N699/l gantry price

    Dangote Petroleum Refinery has re-emphasised that its production in the 650,000 barrels per day (bpd) capacity refinery in Ibeju-Lekki, Lagos state, remains ongoing, stable and uninterrupted irrespective of routine maintenance on specific units in the facility. The clarification was contained in a statement released by the Refinery management yesterday

    “Dangote Petroleum Refinery continues to operate at scale and retains the capacity to supply between 40 million and 50 million litres of Premium Motor Spirit (PMS) daily through January and February, subject solely to market demand. Current stock levels cover over 20 days of national consumption, effectively dispelling any concerns about supply,” the statement said. It  added that on January 4, the refinery produced 50 million litres of PMS and evacuated 48 million litres via its gantry.

    The refinery clarified that routine maintenance on specific units, including the Crude Distillation Unit (CDU) and Residual Fluid Catalytic Cracking (RFCC), does not interrupt overall production, owing to the sophisticated and integrated design of its processing units. Other critical units, such as the Naphtha Hydrotreater, CCR Reformer, and Hydrocracker, remain fully operational, producing PMS, Diesel (Automotive Gas Oil), and Jet A-1.

    “Dangote Petroleum Refinery confirms that it has consistently maintained adequate PMS availability for the domestic market. From December 16, 2025 to date, the refinery has loaded between 31 million and 48 million litres of PMS daily from its gantry, in line with prevailing market demand. These volumes are fully verifiable against depot loading records maintained by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in the normal course of its regulatory responsibilities,” the statement said.

    Read Also: Dangote -NMDPRA dispute: The real issues

    The refinery also reaffirmed its ex-gantry price of N699 per litre for PMS, available to all marketers and bulk consumers. It encouraged filling stations, large-scale users, and institutional buyers to patronise locally refined products, which are more affordable, reliable, and of high quality, rather than relying on imported alternatives.

    “By sourcing PMS locally at N699 per litre, marketers are better positioned to pass on price relief to consumers, enhance market stability, conserve foreign exchange, and support Nigeria’s broader economic recovery and energy security objectives,” the refinery said.

    Dangote Petroleum Refinery accused fuel importers of promoting false reports to justify recent, unwarranted increases in petrol pump prices, noting that such actions run counter to national interest and impose unnecessary hardship on Nigerians.

    According to the refinery, without domestic refining, petrol prices could rise to as much as N1,400 per litre in a post-subsidy environment, highlighting the stabilising role of local production.

    “Recent price movements further highlight an uncomfortable reality. In the absence of the Dangote Petroleum Refinery, fuel importers would continue to operate without restraint, with petrol prices potentially escalating to levels estimated at up to N1,400 per litre in a post-subsidy environment. The refinery’s operations have therefore served as a critical stabilising force in the downstream petroleum market,” the statement added.

    Reiterating its commitment to energy security and market stability, the refinery said it would continue supplying high-quality petroleum products, maintaining steady availability, and supporting Nigeria’s broader economic growth.

    “Dangote Petroleum Refinery will continue to act in the national interest by supplying high-quality, locally refined petroleum products while supporting Nigeria’s economic stability, energy independence, and industrial growth,” it concluded.

  • Dangote Refinery, MRS launch nationwide PMS sales at N739 per litre

    Dangote Refinery, MRS launch nationwide PMS sales at N739 per litre

    • Refinery warns against artificial scarcity
    • ‘Report MRS stations selling above N739’
    • Marketers flock to refinery over lower prices
    • Reduced minimum purchase volume drives demand

    Dangote Petroleum Refinery has b begun a nationwide sales of Premium Motor Spirit (PMS) at a pump price of N739 per litre.

    The sales will be available at all MRS Oil Nigeria Plc filling stations across the country.

    The move represents a significant milestone in the refinery’s mission to deliver affordable fuel to Nigerians and stabilise the downstream petroleum market.

    With over 2,000 MRS stations nationwide, the new pricing is expected to be implemented across all outlets, ensuring that the benefits of this reduction reach consumers nationwide.

    In a statement by its management, the refinery praised marketers that have embraced the new pricing regime and urged others to follow suit in the interest of national economic recovery.

    “We commend MRS and other marketers who have demonstrated patriotism by reflecting the reduced price at the pump. We call on others to join this effort as a show of support for Nigeria’s economic recovery,” the refinery stated.

    Due to the scarcity of products during festive periods, the Dangote Refinery has delivered a decisive market intervention by crashing pump prices at a time Nigerians typically brace for hardship.

    This initiative, backed by a guaranteed daily supply of 50 million litres, fundamentally alters the supply dynamics during the holiday period.

    Besides, industry watchers believe that by refining locally at scale, the refinery is reducing Nigeria’s exposure to volatile global markets, conserving foreign exchange, stabilising the naira and strengthening energy security. This sustained price cut and steady supply are providing relief to households, businesses and transport operators nationwide.

    The refinery has also warned against attempts by those it called unscrupulous operators to create artificial scarcity in response to the price reduction.

    It urged government agencies to act decisively.

    “Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement added.

    The refinery urged consumers to resist the temptation of buying fuel at inflated prices when cheaper, high-quality alternatives are readily available.

    Read Also: Dangote Refinery saves Nigeria ₦10bn annually — Esan

    “We encourage Nigerians to avoid buying PMS at excessively high prices when they can access locally refined fuel at N739 per litre from over 2,000 MRS stations nationwide. Report any MRS station selling above N739 per litre by calling 08001235264.

    “We also call on other petrol station operators to patronise our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market,” the refinery added.

    Dangote Petroleum Refinery reaffirmed its commitment to steady supply, price moderation, and energy security.

    Its management emphasised that its operations are anchored on long-term national interest rather than short-term market pressures.

    “Our objective remains clear: to ensure a consistent supply of high-quality petroleum products at affordable prices for Nigerians, while supporting economic stability and reducing dependence on imports,” the refinery added.

    Also, Dangote Refinery has become the hub of fuel distribution in Nigeria.

    This followed bold strategic adjustments aimed at making energy more affordable and accessible to consumers.

    The refinery recently announced a significant reduction in the pump price of Premium Motor Spirit (PMS) or petrol to ₦699 per litre, alongside a drastic cut in the minimum purchase requirement from 2 million litres to 250,000 litres.

    To further help marketers, the refinery has introduced a 10-day bank guarantee system, ensuring uninterrupted supply and strengthening confidence in its operations.

    These measures, industry sources said, underscore Dangote Refinery’s commitment to stabilising supply, fostering inclusivity and supporting national economic growth.

    Since the announcement, the response from fuel marketers has been overwhelming. The refinery now records over 1,000 trucks loading PMS daily from its gantry.

    Speaking on the development, the President of Dangote Group, Aliko Dangote, said: “Our goal has always been to make energy affordable and accessible for every Nigerian. By reducing prices and lowering the minimum purchase volume, we are empowering both large and small marketers to participate in the market, ensuring fuel reaches every corner of the country.”

    The inclusive approach opens the market to smaller operators, thereby strengthening distribution networks and improving fuel availability nationwide.

    By lowering barriers to entry, Dangote Refinery is believed to be driving competition and ensuring Nigerians benefit from a more stable and affordable fuel supply chain.

    Addressing reporters last week, Dangote reaffirmed his commitment to ensuring that Nigerians enjoy the benefits of domestic refining. The industrialist emphasised that the company was working tirelessly to ensure recent reductions at the gantry are reflected at retail outlets.

    He noted that the refinery project was driven by legacy rather than profit, revealing that he could have invested $20 billion elsewhere if financial gains were his sole objective.

    Last week, the Independent Petroleum Marketers Association of Nigeria (IPMAN) urged all its members nationwide to patronise the Dangote Refinery in their purchase of PMS products.

    The association said the refinery already offered the best affordable price for all marketers, even as free delivery is set to begin next month.

    It also expressed delight over a recent agreement by the Dangote Petroleum Refinery to begin the supply of Premium Motor Spirit (PMS) – also known as petroleum products – directly to registered IPMAN members, in a statement by the IPMAN National President, Alhaji Abubakar Maigandi.

    Maigandi said: “The association has the highest percentage of the supply chain of the PMS downstream sector, controlling over 80 per cent of the PMS retail market. We, therefore, declare that there will be no gap or scarcity in PMS supply to Nigerians.”  

  • JUST IN: Dangote refinery slashes ex-depot petrol price from N828/litre to N699/litre

    JUST IN: Dangote refinery slashes ex-depot petrol price from N828/litre to N699/litre

    The Dangote Petroleum Refinery has once again reduced the gantry price of petrol, lowering the ex-depot rate from ₦828 to ₦699 per litre.

    According to real-time market data from Petroleumprice.ng on Friday, the refinery implemented a fresh downward adjustment, slicing ₦129 per litre off the Premium Motor Spirit benchmark price, a 15.58% reduction.

    “The refinery reduced its petrol price to N699 per litre,” a source said.

    The new price took effect on December 11, 2025, marking the 20th petrol price adjustment introduced by the refinery in 2025.

    The latest reduction comes just five days after the refinery’s Chairman, Aliko Dangote, reiterated his pledge to maintain “reasonable and competitive” fuel prices for the domestic market, despite global market fluctuations and ongoing smuggling across Nigeria’s borders.

    After a closed-door meeting with President Bola Tinubu on December 6, Dangote had said prices would continue to drop as the refinery increases production and competes directly with imported fuel products.

    Details shortly…

  • Dangote Refinery saves Nigeria ₦10bn annually — Esan

    Dangote Refinery saves Nigeria ₦10bn annually — Esan

    Mr Sunday Esan, Senior General Manager, Corporate Communications at Dangote Industries Ltd., says the Dangote Refinery has saved Nigeria more than ₦10 billion annually in foreign exchange by replacing fuel imports with locally refined products.

    Esan made the disclosure on Thursday in Lagos during the ongoing 2025 Media Week of the Nigeria Union of Journalists (NUJ), Lagos State Council.

    The theme of the event is “Unlocking Opportunities for Businesses in a Challenging Economy: The Role of the Media / Roadmaps to Energy Security in Nigeria”.

    He noted that the refinery had significantly reduced the nation’s dependence on imported petroleum products.

    “The refinery is more than a national landmark; it is reducing foreign exchange outflows, driving GDP growth, creating jobs, positioning Nigeria as a regional energy hub, and strengthening our national energy supply.”

    Esan said the Dangote Refinery, which began operations almost two years ago, has already made substantial contributions to the Nigerian economy.

    He said these include helping to curtail PMS and diesel importation, stabilising the Naira, creating thousands of jobs, and strengthening the country’s energy supply chain.

    He highlighted that fuel imports dropped by 1.54 per cent in the first quarter of 2025.

    “While Nigeria spent $2.6 billion on fuel imports in Q1 2024, the figure declined sharply to $1.2 billion in Q1 2025.

    “Dangote Refinery has saved Nigeria over ₦10 billion annually in foreign exchange by replacing imports with local production.

    “It has significantly curtailed oil imports and created measurable economic impact, ” he said.

    Speaking on production capacity, Esan revealed that the refinery was reviewing a scale-up from 650,000 barrels per day to 1.4 million barrels per day.

    He added that global interest in the refinery continues to grow, with Saudi Aramco — one of the world’s largest refiners — and U.S. buyers expressing interest in its jet fuel.

    He also described the massive size of the complex, noting that the refinery spans an area approximately seven times the size of Victoria Island, Lagos, requiring a minimum of five hours to tour by car.

    “This shows the magnitude of the investment that one man, Alhaji Aliko Dangote, has brought to life,” he said.

    Esan added that the acquisition of 4,000 CNG trucks for product distribution has created no fewer than 24,000 jobs.

    On the role of the media in advancing energy security, Esan urged journalists, particularly NUJ members, to set the right agenda and report accurately on developments in the energy sector.

    “We want your members to visit the refinery so your reports will be accurate and well-informed.

    “When some people are bent on pulling it down, you will understand that this is a national asset we must protect,” he added.

    Also, Mr Udeme Akpan, Energy Editor at Vanguard Newspapers,stated that businesses could benefit significantly from strong media partnerships through access to credible information needed for informed daily decision-making.

    He challenged journalists to uphold credibility to strengthen trust with the business community.

    In his welcome address, Mr Adeleye Ajayi, NUJ Lagos Chairman, described the lecture as a valuable opportunity to highlight and examine the major challenges confronting Nigeria’s energy sector.

    Ajayi also acknowledged the Federal Government’s ongoing efforts to harness the sector’s potential for national development.

    Responding to Esan’s remarks on agenda-setting, Ajayi affirmed that the union had consistently set national agendas at both state and federal levels.

    He stressed the need for Dangote Group and other stakeholders in the energy sector to remain open to collaboration with the media.

    Mr Wale Akodu, Chairman of the Press Week Committee, reflected on the hardships Nigerians faced in previous years — particularly fuel scarcity and panic buying during the Yuletide — which, he noted, have now largely become a thing of the past.

    (NAN)