The Dangote Refinery has successfully commenced the rollout of its first batch of Premium Motor Spirit (PMS), also known as petrol, from its state-of-the-art 650,000 barrels per day refinery located in Lagos.
Aliko Dangote, President of the Dangote Group, announced the milestone during a press conference held on Tuesday. He emphasized that the refinery’s output would significantly reduce Nigeria’s reliance on imported fuel, lower inflation, and help stabilize the Naira against the dollar.
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Dangote assured that the petrol produced by the refinery meets global standards and will soon be available in the Nigerian market, pending the finalization of discussions with the Nigerian National Petroleum Company Limited (NNPCL).
“The quality of our petrol will be on par with that found anywhere in the world,” Dangote stated. “Today is a day of celebration and gratitude—to God, to the President, and to all our friends who supported us in making this refinery a reality. We are now here, and as soon as we conclude our talks with NNPCL, our product will begin to enter the market.”
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The $20 billion refinery, which was commissioned in January 2024, had already started producing Naphtha and Aviation Fuel earlier this year.
This development comes at a time when Nigerians are grappling with severe fuel shortages, with petrol prices soaring above N1,000 per liter in some parts of the country.
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