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Home Business & Finance

Dangote Refinery to Supply Petrol to Filling Stations Within 48 Hours

Nnaemeka OkwarabyNnaemeka Okwara
September 3, 2024
in Business & Finance
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Dangote Refinery to Supply Petrol to Filling Stations Within 48 Hours
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Aliko Dangote, Chairman of Dangote Refinery, declared on Tuesday that petrol produced at the facility will be available at filling stations within the next 48 hours. This follows the formalization of modalities with the Nigerian National Petroleum Company Limited (NNPC).

During a press briefing, Dangote stated that NNPC is responsible for supplying Premium Motor Spirit (PMS) to filling stations. He also explained that petrol pricing from the refinery was an arrangement by the Federal Executive Council, headed by President Bola Ahmed Tinubu.

The Dangote Refinery, which started operating in December last year, intends to reach its ultimate capacity of 650,000 barrels per day by year-end. It has begun supplying diesel and aviation fuel to marketers, and now includes petrol.

Dangote emphasized the benefits of President Tinubu’s “Naira For Crude” initiative, which will help reduce foreign exchange demand by 40% and stabilize the Naira’s value. Moreover, it will allow for the tracking of loaded trucks, making computation of national consumption easier.

Tags: dangoteDangote Refinery to Supply Petrol to Filling Stations Within 48 Hoursfederal characterFilling StationNewspetrolrefinery
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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