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Dangote Refinery To Supply 25 Million Litres Daily In Sept — NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has said that Dangote Refinery in Lagos will supply the Nigerian market with 25 million litres daily this September.
It also said that beginning in October, the 650,000 barrels per day facility will pump 30 million litres daily into the Nigerian market.
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In a post on X on Tuesday, the regulator further said the NMDPRA and the Nigerian National Petroleum Company Limited, NNPCL, reached an agreement to commence crude oil sale and supply to Dangote Refinery in local currency.
The post read, “The refinery is now poised to supply an initial 25 million litres of PMS into the domestic market this September. And will subsequently increase this amount to 30 million liters daily from October 2024.”
After over a year of its launch in May 2023, Dangote Refinery, on Tuesday, rolled out its first Premium Motor Spirit (PMS), also known as petrol, from its mammoth facility located in the Lekki area of Lagos State.
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The refinery owner and billionaire businessman Aliko Dangote said as soon as his company finalises modalities with the NNPCL, the product will hit the market.
“As soon as we finalise with the NNPCL, our product will start going into the market.
“We will help to restore industry and manufacturing. We will begin real import substitution, which is what we have, you know, saving foreign exchange, earning foreign exchange, which will stabilise the naira, and it will also help bring down inflation and cost of living,” he stated.
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