Lagos, Nigeria — Good news for Nigerian consumers ahead of the festive season: the Dangote Petroleum Refinery has guaranteed a consistent, uninterrupted supply of petrol and diesel nationwide, with its current production capacity significantly exceeding the nation’s consumption needs.
Mr. Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Industries Limited, confirmed in a recent statement that the facility is currently distributing substantial volumes of refined products daily.
> Key Production Figures:
> * Petrol (PMS): Over 45 million liters daily.
> * Diesel (AGO): 25 million liters daily.
>
“Our production capacity surpasses national demand. We are collaborating with regulators and distributors to ensure efficient delivery across the country. Dangote remains committed to powering Nigeria,” Chiejina stated.
💰 Stabilizing the Naira and Prices
The increased domestic refining output is already having a marked effect on Nigeria’s economic landscape. By replacing foreign imports, the refinery has played a crucial role in:
* FX Conservation: Significantly reducing the outflow of foreign exchange (FX) that was previously spent on importing refined products.
* Currency Support: Bolstering local currency inflows, thereby contributing to the stabilization of the Naira.
Aliko Dangote, President of Dangote Industries Limited, offered a direct assurance to the public: “Nigerians can expect a festive season without fuel queues.” He confirmed that fuel prices would remain stable throughout the Christmas and New Year celebrations.
Since it began petrol production in September 2024, the refinery has driven a notable decline in fuel prices:
| Product | Price One Year Ago | Current Average Price | Price Change |
|—|—|—|—|
| Petrol (PMS) | Approximately N1,030 per liter | N841–N851 per liter | Significant Drop |
| Diesel (AGO) | Approximately N1,700 per liter | Roughly N1,020 per liter | Significant Drop |
🛡️ Defending Local Industry: The Tariff Policy
Chiejina also came to the defense of the government’s recent tariff policy, calling it an essential measure to safeguard domestic refining operations.
He warned that without such protection, “cheap petroleum imports from Asia and Europe could cripple domestic refineries and derail ongoing reforms.” He stressed that unchecked dumping of foreign products “destroys jobs and discourages industrial growth,” and urged for stricter enforcement to prevent the importation of substandard petroleum products that could threaten public safety.
He lauded President Bola Tinubu for endorsing the tariff regime, describing it as a “bold and visionary step” towards achieving energy independence and accelerating economic renewal. The high-tech refinery is positioned to permanently end Nigeria’s reliance on foreign fuels and ensure consistent price stability.
Would you be interested in seeing a comparison of Nigeria’s fuel prices with those of its Wes
t African neighbors?
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