Dangote Refinery 4.webp
The Digest:

The Dangote Petroleum Refinery has reduced its ex-depot petrol price by N49 to N828 per litre, signaling a significant shift in Nigeria's downstream oil sector. This price reduction coincides with the refinery's ramp-up to a record 1.4 million barrels per day, positioning it to become the world's largest single-train refinery.

Key Points:
  • Petrol price reduced from N877 to N828 per litre
  • Refinery loading over 45 million litres of PMS daily
  • Production now exceeds Nigeria's total national demand
  • The output target of 1.4 million bpd would surpass India's Jamnagar refinery
  • Oando Plc has paused petrol imports due to rising local production
  • The move enhances Nigeria's energy security and self-sufficiency
  • Refinery is collaborating with regulators for nationwide distribution
As Africa's largest refinery continues to transform Nigeria's energy landscape, this price cut marks a pivotal moment in the nation's journey toward fuel independence, an economic storm navigated through local industrial capacity.

Sources: The Cable