Dangote Refinery is set to begin supply of Premium Motor Spirit (PMS) popularly known as petrol to marketers next month, May 2024.
Africa’s largest refinery also began the distribution of diesel and aviation jet fuel to domestic marketers at 1,225/ltr on Tuesday, April 2, 2024.
Bloomberg quoted sources to have disclosed that the refinery will begin supply of PMS in the domestic market in May, a move that will significantly reduce Nigeria’s dependence on imported petroleum products.
The refinery began its operations in January and made its first export last month, shipping 65,000 metric tons of low-sulfur straight-run fuel oil and approximately 60,000 tons of naphtha and is operating at an initial processing rate of 350,000 barrels per day, with plans to increase towards its maximum capacity.
ALSO READ:
Port Harcourt Refinery to Begin Operations, Receives 475,600 Barrels of Oil
According to Abubakar Maigandi, head of independent petroleum marketers, the marketers have already started transporting diesel from the refinery and will make payments in naira.
21st Century Chronicle
