Dangote Petroleum Refinery has issued a commitment to national energy security, reaffirming its capability to ensure a steady and uninterrupted supply of Premium Motor Spirit (PMS) and Automotive Gas Oil (diesel) across Nigeria.
The declaration is underpinned by the facility's massive operational capacity, which currently exceeds the nation’s entire domestic demand for both key petroleum products.
Speaking on the significant development, Mr Anthony Chiejina, Group Chief Branding and Communications Officer for Dangote Industries Limited, emphasised that the refinery’s operational mandate is driven by an unwavering dedication to supporting national energy stability and bolstering consumer confidence.
“Our refinery is currently loading over 45 million litres of PMS and 25 million litres of diesel daily, which decisively exceeds Nigeria’s demand.
“We are working collaboratively with regulatory agencies and distribution partners to guarantee efficient nationwide delivery.
“Dangote remains steadfast in its commitment to meeting the energy needs of Nigerians.
“This significant production capacity not only guarantees local supply but also profoundly enhances energy security and reduces dependence on imports,” Mr Chiejina stated.
The impact of this robust local production extends far beyond mere supply assurance, creating a palpable positive effect on macroeconomic indicators.
Mr Chiejina highlighted that the dramatic improvement in local production of petroleum products has been instrumental in stabilising the exchange rate and strengthening the national currency.
“We have effectively reduced foreign exchange outflows and increased inflows, which in turn supports the naira and strengthens the economy,” he added, painting a clear picture of the refinery’s contribution to Nigeria’s fiscal resilience.
The refinery’s direct impact on reducing the pump price of fuel has also been substantial, providing much-needed relief to consumers.
Since commencing petrol production in September 2024, the Dangote Petroleum Refinery has played a pivotal role in ensuring price stability and eliminating the recurring fuel scarcity and crippling long queues at filling stations that were once an endemic feature of the Nigerian festive season, particularly during ‘Ember Months.’
A year-on-year comparison of pump prices vividly illustrates the scale of the refinery's intervention.
The average price of Premium Motor Spirit (PMS) stood at about N1,030 per litre in September 2024.
Following the implementation of the Dangote Refinery’s Direct Delivery Scheme, the average price plummeted to N841–N851 per litre by September 2025.
The diesel market, too, has seen a transformative change. In September 2024, the pump price for Automotive Gas Oil (AGO) ranged significantly, from N1,400 up to N1,700 per litre in most northern states.
By September 2025, the average price had dropped dramatically to around N1,020 per litre, a clear reflection of the refinery’s success in stabilising the market and significantly reducing logistics costs.
The affordability impact is even more striking when placed in a regional context.
While petrol prices in neighbouring West African countries range between $1.20 and $2.00 per litre, the average price in Nigeria remains around $0.60 per litre, providing clear, unequivocal evidence of the profound impact of the refinery on affordability and supply stability within the nation.
Adding to the consumer relief, the President of Dangote Industries Limited, Aliko Dangote, recently assured Nigerians that the prices of petrol would not be hiked during the festive period, despite global price increases.
“I want to assure Nigerians that the Dangote Refinery is fully committed to maintaining an uninterrupted supply of petrol throughout the festive period.
“Nigerians can look forward to a Christmas and New Year free of fuel anxiety,” he guaranteed.
The conversation shifted to the recent government-approved tariff policy, which Mr Chiejina staunchly defended, noting that it would be unpatriotic for anyone to criticise what he called a good start.
He emphasised that the tariff is a necessary measure designed explicitly to protect domestic industries from unfair competition and safeguard local production from ruinous foreign practices.
“Dumping engenders poverty, discourages industrialisation, creates unemployment and leads to revenue loss for the government.
“Across the world, nations protect their local manufacturers and industries from the threat of dumping.
“Dumping destroyed our textile industry, which was once a major employer of labour and creator of wealth.l,” he explained with conviction.
He warned that the failure to protect local industries could lead to large-scale dumping from countries in Asia and Europe with excess production capacity.
Such practices, he warned, would inevitably "strangulate domestic refineries, cripple allied industries, and undermine the laudable policies of President Bola Tinubu’s administration aimed at promoting industrial growth and economic stability.”
Mr Chiejina further noted that the prevalence of dumping in past years created a hostile investment environment, as imported products flooded the market at unsustainable prices, consistently undermining local production.
He stressed that the new tariff policy would not only benefit local refiners but would also encourage fresh, significant investments in the downstream oil sector, thereby strengthening Nigeria’s industrial base and creating countless jobs.
Beyond the tariff, he urged the government to strengthen its monitoring and enforcement mechanisms to actively prevent the dumping of substandard and toxic petroleum products by those he described as unscrupulous and rent-seeking individuals who prioritise profiteering at the expense of Nigerians.
Mr Chiejina reserved high praise for President Bola Ahmed Tinubu, commending his foresight in approving the tariff policy aimed at strengthening and transforming Nigeria’s downstream oil and gas sector.
He noted that the decision reflects the administration’s deep commitment to creating a stable, business-friendly environment that supports local investment and enhances energy security.
“President Bola Ahmed Tinubu continues to embody courageous and visionary leadership, renewing the hope of Nigerians and restoring investor confidence in the nation’s economy.
“His administration’s bold and business-friendly reforms are reshaping the downstream oil and gas sector, unlocking new opportunities for industrial growth and national prosperity.
“The latest policy initiative stands as a testament to his foresight — one of the most transformative steps yet toward securing Nigeria’s energy future and empowering local industries to thrive,” he asserted.
In a final appeal, Chiejina urged rent-seekers to reconsider their business practices and align with the Federal Government’s vision for a self-sustaining energy sector, rather than continuing to promote the dumping of petroleum products in Nigeria.
He underscored the critical need for a collective sense of patriotism and responsibility among all industry stakeholders, noting that genuine national progress can only be achieved through a shared, committed adherence to policies that strengthen local industries and profoundly protect the economy.
#DangoteRefinery #FuelSecurity #NigeriaEconomy #AntiDumping #NairaStability #PMS #Diesel #EnergySecurity #AlikoDangote #TinubuReforms
All rights reserved. The content on this website, including text and other digital materials, may not be reproduced, published, broadcast, rewritten, or redistributed, in whole or in part, without the express written consent of The News Accelerator Network.
For advertising inquiries, news coverage, or press releases, please get in touch with us at
📧 thenewsacceleratornetwork@gmail.com
📞 08051017159, 08173970030
Kindly follow us on: https://www.facebook.com/thenewsaccelerator
You can also subscribe to our YouTube channels here: https://www.youtube.com/channel/UCVELRC3WinKZ7tdmhmZaRmQ?sub_confirmation=1
Post a Comment