The Dangote Petroleum Refinery is set to roll out the sale of Premium Motor Spirit, also known as petrol. Following a test-run of the product, industry sources confirmed that the product would hit the market soon. The government and the Dangote Group are working out modalities for the circulation of the product, with only the Nigerian National Petroleum Company Limited authorized to sell the Dangote fuel for now. This development comes after the refinery battled crude shortage and entered into a dispute with the Nigerian Midstream and Downstream Regulatory Authority, which accused the refinery of producing substandard diesel.
…The refinery, which has a production capacity of 650,000 barrels per day, is expected to supply a large quantity of fuel to the Nigerian market, which could help reduce fuel shortages in the country.
The CEO of the Dangote Group, Alhaji Aliko Dangote, said the launch of Dangote fuel was a significant step towards achieving the group’s vision of becoming a leader in the energy sector in Africa.
“We are thrilled to launch our fuel into the Nigerian market,” he said. “This is a historic moment for our company and for Nigeria.”
The Nigerian government has hailed the initiative, saying it would contribute to improving the country’s energy security.
“This is good news for Nigeria,” said the Minister of Petroleum Resources, Timipre Sylva. “It shows that the private sector can play a significant role in developing the Nigerian economy.”
The rollout of Dangote fuel is also expected to have a positive impact on the Nigerian economy, by reducing transportation costs and creating jobs.
However, some analysts have warned of potential challenges related to competition with other refiners and managing the supply chain.
But for now, the launch of Dangote fuel is a positive development for Nigeria and Africa as a whole.
