Dangote Petroleum Refinery has reiterated its commitment to maintaining a steady and reliable supply of Premium Motor Spirit (PMS) and Automotive Gas Oil (diesel) across Nigeria, with daily production levels exceeding domestic consumption.
Since it began producing petrol in September 2024, the refinery has played a crucial role in stabilising fuel prices, easing consumer hardship, and eliminating the recurring scarcity and long queues that previously plagued filling stations, especially during festive seasons.
Group Chief Branding and Communications Officer of Dangote Industries Limited, Anthony Chiejina, said in a statement on Friday that the company’s operations are driven by its commitment to ensuring national energy stability and building public confidence.
“Our refinery is currently loading over 45 million litres of PMS and 25 million litres of diesel daily which exceeds Nigeria’s demand,” Chiejina stated. “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 enhances energy security and reduces dependence on imports,” he added.
Chiejina noted that increased local production of petroleum products has positively influenced the exchange rate and strengthened the naira. He explained that the refinery’s contribution has helped reduce foreign exchange outflows while boosting inflows, supporting economic growth and national stability.
He described recent tariff adjustments as a necessary step to protect domestic industries from unfair external competition. “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,” he said.
Chiejina further emphasised that beyond tariff implementation, the government must enforce strict monitoring to prevent the importation of substandard and toxic petroleum products by individuals who prioritise profit over public welfare. He explained that unchecked dumping in past years had discouraged industrial investments in Nigeria, as imported products flooded the market at unsustainable prices.
According to him, the new tariff policy would promote local refining, attract more investments into the downstream oil sector, and create employment opportunities, thus strengthening the country’s industrial foundation. He commended President Bola Tinubu’s foresight for approving the tariff policy, describing it as a transformative step for the downstream oil and gas industry.
“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 said.
Chiejina warned that failure to protect local industries could open the door to mass dumping from Asian and European countries with excess refining capacity, which could suffocate domestic refineries, cripple allied industries, and undermine the government’s industrialisation agenda.
He urged business operators to align their practices with the Federal Government’s vision for a self-sustaining energy sector, stressing that national progress depends on collective patriotism and adherence to policies that safeguard local production.
With cutting-edge technology and robust infrastructure, Dangote Refinery is positioned to eliminate Nigeria’s dependence on fuel imports, improve supply chain efficiency, and ease pressure on the nation’s foreign reserves.
President of Dangote Industries Limited, Aliko Dangote, recently assured Nigerians that fuel prices would remain stable during the ember months despite global price hikes. “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 said.
He revealed that in September 2024, petrol sold at an average price of ₦1,030 per litre, but by September 2025, prices had declined to between ₦841 and ₦851 per litre due to the refinery’s direct delivery scheme. Diesel prices also fell from a range of ₦1,400 to ₦1,700 per litre in 2024 to about ₦1,020 per litre by September 2025, particularly in the northern regions.
Dangote added that while petrol prices in neighbouring West African countries average between $1.20 and $2.00 per litre, Nigeria’s average price of about $0.60 reflects the refinery’s significant role in improving affordability and ensuring market stability.
What you should know
Dangote Refinery now produces over 70 million litres of fuel daily, surpassing Nigeria’s total demand. Since beginning operations, it has eliminated fuel scarcity, stabilised prices, and strengthened the naira.
The company’s leadership has praised President Tinubu’s reforms, stressing that new tariff policies will protect local industries and secure Nigeria’s energy future.
