Dangote Refinery Reassures of Adequate Petrol Supply to Domestic Market
By Naija Enquirer Staff
The Dangote Refinery has reaffirmed its capacity to meet Nigeria’s domestic petrol demand, disclosing that over 310 million litres of Premium Motor Spirit (PMS) are currently available in its storage facilities to serve both local and export markets.
The company’s clarification comes amid widespread public concern over the surge in petrol pump prices, which have climbed to nearly ₦950 per litre despite relative stability in global crude oil prices and foreign exchange rates.
During an inspection tour of the facility, Devakumar Edwin, Vice President of Dangote Group, assured that the refinery’s operations remain fully stable and that fuel loading for marketers is ongoing without disruption.
“We have enough product to meet national demand. Marketers should bring their trucks for loading instead of speculating about possible shortages,” Edwin said.
He explained that minor adjustments in crude oil intake were routine inventory management measures rather than indicators of operational challenges, noting that such practices are standard across refineries globally.
“Refineries manage inflows based on price movements and storage levels to avoid tying up too much working capital in crude. Regular maintenance schedules are also part of normal refinery operations,” he added.
Industry analysts observe that Dangote Refinery’s statement arrives at a critical time for Nigeria’s downstream petroleum sector, as fuel price volatility continues to heighten tension among consumers and marketers nationwide.
Recent increases in retail prices have been attributed to rising depot charges and logistics costs, leading some independent marketers to adjust pump prices accordingly. However, Edwin maintained that the refinery’s output is more than adequate to meet Nigeria’s demand for petrol, diesel, and aviation fuel, while surplus volumes are exported.
He emphasized that the refinery’s advanced processing configuration delivers up to a 94% yield of light products, placing it among the most efficient facilities in the global refining industry.
Market watchers believe that Dangote Refinery’s reassurance could help stabilize domestic supply expectations—provided that distribution bottlenecks and pricing transparency are effectively addressed across the value chain.
As Nigeria continues its energy transition journey, the refinery’s growing output remains a pivotal factor in reducing import dependency and promoting self-sufficiency in refined petroleum products.
